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Sunday, January 26, 2014

Tata Motors executive dies in Thailand; police suspect suicide, (NYSE: TTM)

Karl Slym, managing director of India's Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.Slym, 51, had attended a board meeting of Tata's Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors."We didn't find any sign of a struggle," Police Lieutenant Somyot Boonyakaew, who is heading the investigation, told Reuters."We found a window open. The window was very small so it was not possible that he would have slipped. He would have had to climb through the window to fall out because he was a big man. From my initial investigation we believe he jumped."

Tata Motors Limited is an automobile company. Through its other subsidiary, the Company is engaged in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations. Shares of TTM fell by 5.35% or $-1.63/share to $28.84. In the past year, the shares have traded as low as $21.75 and as high as $32.89. On average, 1378370 shares of TTM exchange hands on a given day and today's volume is recorded at 1344307.