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Tata Motors names Marc Llistosella as its India head

In his final project, Llistosella served as president and chief govt of Fuso Truck and Bus Corp., a unit of Germany’s Daimler.

By Malyaban Ghosh | Livemint, New Delhi

PUBLISHED ON FEB 13, 2021 04:57 AM IST

Tata Motors Ltd, India’s largest car maker, on Friday named Marc Llistosella because the managing director and chief govt officer (MD and CEO) of its India enterprise which contains the industrial and passenger car companies.

In his final project, Llistosella served as president and chief govt of Fuso Truck and Bus Corp., a unit of Germany’s Daimler.

Previous to that, Llistosella additionally labored as the top of Daimler Vans’ subsidiary in Asia and MD and CEO of its India unit, Daimler India Industrial Automobiles Pvt. Ltd.

“Marc is an skilled automotive enterprise chief with deep data and experience in industrial autos over his illustrious profession and has intensive operational expertise in India. Marc will deliver this expertise to take the Tata Motors Indian enterprise to even larger heights,” N. Chandrasekaran, chairman, Tata Motors, mentioned in an announcement on Friday.

The present chief govt, Guenter Butschek, will proceed in his place until June.

Llistosella will take over the India enterprise of Tata Motors at a time when its industrial car gross sales have been hit by the pandemic and the administration is scouting for a strategic investor for its passenger car enterprise unit. Tata Motors has launched into a cost-cutting programme to show worthwhile and cut back debt. The appointment of Llistosella signifies Tata Sons, the guardian of Tata Motors, will deal with the industrial car enterprise to drive profitability of its India operations and develop the worldwide enterprise, particularly in Asian markets.

“I’m delighted to change into part of the distinctive Tata household. Having been bonded to India for therefore a few years, a brand new thrilling chapter is now opened. We might collectively awaken the potential of Tata Motors,” Llistosella mentioned within the assertion.

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Amongst shares, Tata Motors jumped by 3.6 per cent to Rs 182.40 per share after the UK and EU negotiators finalised a historic post-Brexit commerce settlement. The EU thus far has been a single marketplace for the Tata Motors-owned Jaguar Land Rover however that is set to alter after the UK’s exit.

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