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Business EYE February 12, 2021 | The Indian Eye 37

BUSINESS BRIEFS

tata motors names retail inflation

marc llistosella as new falls to 16-month low

Ceo, md in india

ata Motors on Friday said in commercial vehicles over his etail inflation based tion while arriving at key pol-
it has appointed Marc illustrious career and has exten- on consumer price in- icy rates, has been mandated
TLlistosella as its chief ex- sive operational experience in Rdex (CPI) eased to by the government to keep in-
ecutive officer and managing India,” Tata Motors chairman N 16-month low of 4.06 per cent flation at 4 per cent (+, - 2 per
director. He is the former pres- Chandrasekaran said. Marc will in January, mainly due to a cent). The central bank had
ident and CEO of Fuso Truck bring this experience to take the sharp decline in food prices, , maintained status quo in the
and Bus Corporation and Head Tata Motors’ Indian business to government data showed on policy rate earlier this month
of Daimler Trucks in Asia. Llis- even greater heights, he added. Friday. The inflation number due to high inflation.
tosella, whose appointment will Commenting on his appoint- stood within the Reserve Bank In another set of data re-
be with effect from July 1, 2021, ment Llistosella said, of India’s (RBI’s) target of leased by the government, in-
will succeed Guenter Butschek, 2-6% for the second consecu- dustrial production grew by
who has expressed his desire “having been bonded to tive month. The figure stood at 1 per cent in December. Ac-
to relocate to Germany at the 4.59 per cent in December last cording to the Index of Indus-
end of the contract for personal india for so many years, year. trial Production (IIP) data, the

reasons, Tata Motors said in a a new exciting chapter is The rate of price rise in the manufacturing sector output
regulatory filing. “I am delight- food basket was 1.89 per cent grew by 1.6 per cent in Decem-
ed to welcome Marc to Tata now opened. We would in January, significantly down ber 2020. While, mining output
Motors. Marc is an experienced jointly awaken the poten- from 3.41 per cent in December. declined by 4.8 per cent, and
automotive business leader with tial of tata motors”. The central bank, which power generation grew 5.1 per
deep knowledge and expertise mainly factors in retail infla- cent in December 2020.

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