Tech2 news teamFebruary 12, 2021 11:44:37 PM IST
Marc Llistosella was CEO and CEO of Daimler India Commercial Vehicles from 2008 to 2014. Image courtesy of: Tata Motors
Tata Motors has appointed Marc Llistosella as its new CEO and Chief Executive Officer. Recently, rumors were full of news about the current CEO and CEO of Tata Motors, Guenter Butschek, who decided to leave the company, and Tata Motors confirmed the news late on Friday and announced the decision to appoint Llistosella, who has been a part of the automotive universe for more than a decade, working for several prominent names, to lead the company for years to come.
Butschek informed Tata Motors of his desire to move to Germany and will continue in his current capacity until June 30, 2021. Llistosella will take over as the new CEO and CEO of Tata Motors on July 1, 2021.
Llistosella has years of experience in the Indian market, having served as Managing Director and Managing Director of Daimler India Commercial Vehicles Pvt Ltd (DICV) from 2008 to 2014. It was under his leadership that DICV’s Indian subsidiary BharatBenz was launched in 2012 He also served as President and CEO of Mitsubishi Fuso Truck and Bus Corporation from 2015 to 2018, and is currently a member of the board of Einride, which specializes in electric and autonomous vehicles for the freight industry.
Speaking about the appointment of Llistosella, Mr. N Chandrasekaran, Chairman of Tata Motors Limited. He said: “I am delighted to welcome Marc to Tata Motors. Marc is a seasoned automotive business leader with deep knowledge and experience in commercial vehicles throughout his illustrious career and has extensive operating experience in India. Marc will bring this experience to take the Indian business of Tata Motors to even greater heights. “
Butschek played a vital role in helping Tata Motors rebuild itself in the passenger car space. He joined the company in January 2016, and it was under his leadership that the brand launched an entirely new line of models, starting with the Tata Tiago, which established a solid platform for the company to build on. He leaves Tata Motors after a five-year stint, having helped the company claim the place of India’s third-best-selling automaker.
