May 06, 2013, 09.35 AM | Source: CNBC-TV18
The Chandigarh consumer redressal commission has ordered a 6-month jail term for Tata Motors managing director Karl Slym.
The commission has also slapped a penalty against him. The action by the consumer commission reportedly is on the back of Tata Motor’s failure to comply with a notice to replace faulty parts of a newly-sold Tata Nano.
A company spokesperson, in response to CNBC-TV18’s queries said that they will study the order and take appropriate action. On their part, they claim that despite repeated attempts to pay the consumer compensation and despite repairing the car, they did not receive any co-operation from him.
Parag Thakkar of HDFC Securities has a bullish sta
Parag Thakkar of HDFC Securities said Tata Motors
The spurious parts dealers who were raided are --
Tata Motors shares gained 2 percent on account of