Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.
Ratan N Tata, chairman of the Board of Tata Motors, said, "Board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group chief executive officer and managing director."
The 56-year-old German quit the Mumbai-based company after 18 months on the job, citing personal reasons.
Tata Motors managing director & CEO Carl-Peter Forster told Business Standard that the company would not be doing the Nano justice if it remains just the 'world's cheapest car' and, hence, will look at all the 'natural evolutions' of the Nano, including upgrades.
Based on the Tata Nano, the TataPixel - at just over three metres in length - is the most package efficient four-seater in the world.
Ratan Tata-led Tata Motors on Thursday said that it plans to expand its commercial vehicles business in India and would launch a few more models by this year-end.
Nano remains a cautionary tale of misplaced ambitions and a drag on profit.
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