'We will issue a statement once the board takes a decision in the next few days,' a company spokesperson said when asked who would carry out the responsibilities of the managing director.
According to reports, Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok. He had gone to attend a board meeting of the company's Thailand arm.
He had joined Tata Motors as the managing director in 2012 and led the company's operations in India and global markets, excluding Jaguar and Land Rover business.
He was leading Tata Motors at a time when the auto industry is going through challenging times amid prolonged slowdown.
Condoling his demise, Assocham secretary general D S Rawat said, the untimely death is not only a loss to the Tatas but to the entire Indian automotive industry.
Slym strongly believed that the revival of the automotive industry at this critical juncture essentially requires synergistic efforts by all stakeholders, Rawat added. Slym was also the first chairperson of the Assocham Automotive Council.
In a separate statement, Harish Lakshman, Automotive Component Manufacturers Association of India (ACMA) President, said: 'It is indeed very unfortunate that the automotive industry has lost a distinguished leader. His loss comes at a juncture when the industry needed him the most.'
Shares of Tata Motors plunged 6 per cent on Monday on the bourses following sudden death of Karl Slym as well as an overall weak sentiment in equities market.
The scrip fell 6.13 per cent to close at Rs 347.80 on the BSE. It declined nearly 6 per cent on the National Stock Exchange to end the day at Rs 348.35. After opening at Rs 365.80, shares of the auto major began to slide and touched intra-day low of Rs 345.45 on the Bombay Stock Exchange (BSE). On the National Stock Exchange (NSE), they touched a low of Rs 345.55 after opening at Rs 363.
According to reports, Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok. He had gone to attend a board meeting of the company's Thailand arm.
He had joined Tata Motors as the managing director in 2012 and led the company's operations in India and global markets, excluding Jaguar and Land Rover business.
He was leading Tata Motors at a time when the auto industry is going through challenging times amid prolonged slowdown.
Condoling his demise, Assocham secretary general D S Rawat said, the untimely death is not only a loss to the Tatas but to the entire Indian automotive industry.
Slym strongly believed that the revival of the automotive industry at this critical juncture essentially requires synergistic efforts by all stakeholders, Rawat added. Slym was also the first chairperson of the Assocham Automotive Council.
In a separate statement, Harish Lakshman, Automotive Component Manufacturers Association of India (ACMA) President, said: 'It is indeed very unfortunate that the automotive industry has lost a distinguished leader. His loss comes at a juncture when the industry needed him the most.'
Shares of Tata Motors plunged 6 per cent on Monday on the bourses following sudden death of Karl Slym as well as an overall weak sentiment in equities market.
The scrip fell 6.13 per cent to close at Rs 347.80 on the BSE. It declined nearly 6 per cent on the National Stock Exchange to end the day at Rs 348.35. After opening at Rs 365.80, shares of the auto major began to slide and touched intra-day low of Rs 345.45 on the Bombay Stock Exchange (BSE). On the National Stock Exchange (NSE), they touched a low of Rs 345.55 after opening at Rs 363.