Tata Motors says Marc Llistosella not joining as MD & CEO

Tata Motors is also looking to more than double the number of its dealerships by the end of financial year 2021-22, with half of the number expected to be based on virtual experience. Photo: Mint

2 min read . Updated: 19 Mar 2021, 07:08 PM IST Staff Writer

Guenter Butschek will continue as the CEO & managing director till 30 June, 2021, Tata Motors said

Tata Motors Limited on Friday said Marc Llistosella will not be joining as chief executive officer and managing director. On 12 February, the global auto manufacturer major announced the joining of Marc Llistosella, effective from 1 July. "...Tata Motors wishes to announce that Mr. Marc Llistosellay Bischoff who was to join Tata Motors as its CEO and managing director effective from 1 July, 2021, will not be joining Tata Motors as its CEO & Managing Director as previously announced on 12 February, 2021," the company said in the regulatory filing.

Llistosella was most recently the president and chief executive officer of Fuso Truck and Bus Corporation where he worked on improving the profitability and sales potential of the business. He was earlier the managing director and chief executive officer of Daimler India Commercial Vehicles Pvt Ltd. During his tenure, he built a greenfield organisation and business unit to develop, produce and sell trucks. Llistosella launched BharatBenz in 2012 and made it a successful brand in a short period of time in Daimler.