The British executive was in Thailand to attend a board meeting of the company’s local affiliate.
Investigators believe Karl Slym may have taken his own life because of a note left in his room referring to domestic problems.
Police said it was being analyzed to confirm Karl Slym wrote it.
Thai police said they were called to the Shangri-La hotel around 07:45 a.m. on Sunday, after staff found Karl Slym’s body on the fourth floor, which juts out above lower storeys of the luxury complex.
They then woke up Karl Slym’s wife, who seemed shocked, they said. The couple had been married for about 30 years and did not have any children.
In a statement, Company Chairman Cyprus P. Mistry paid tribute to Karl Slym, describing him as “a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry”.
Aged 51, Karl Slym ran led the automaker’s operations in India and international markets including South Korea, Thailand and South Africa.
He was not responsible for the Jaguar and Land Rover luxury unit that Tata Motors acquired in 2008.
Karl Slym, who was from Derby, England, had worked for Toyota in the UK, and then General Motors in India and China.
He had been managing director of Tata Motors, part of the giant Tata Group, since being hired in October 2012 to revive Tata’s flagging sales in India.
Following news of Karl Slym’s death, Tata Motors stock closed down 6% at 347.8 rupees.
Police official Somyot Boonyakaew said investigators “didn’t find any sign of a struggle” in the room Karl Slym was sharing with his wife in the Shangri-La Hotel.
“We found a window open. The window was very small so it was not possible that he would have slipped,” he told Reuters news agency.
“He would have had to climb through the window to fall out because he was a big man. From my initial investigation, we believe he jumped.”
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