Tuesday, September 30, 2014
By Jitendra Singh
Mayank Pareek to take passenger cars of Tata Motors to new heights
Tata Motors on Monday said it has appointed Mayank Pareek, Maruti Suzuki's chief operating officer as its head of passenger cars business. Pareek will join on October 1 and will take over from Ranjit Yadav who will now head overseas sales for passenger and commercial vehicles at India's biggest auto maker by sales. Pareek has been designated as president, passenger vehicle business unit.
Pareek will also be a member of the Corporate Steering Committee. "His extensive experience in the passenger car market will play a significant role in harnessing Tata Motors growth potential to help position the company as one of the leading passenger car manufacturers in India," Tata Motors in a statement said. Pareek comes in at a time when Tata Motors is struggling in its passenger car segment, with constantly declining sales and an absence of sufficient new products. In August, its sales fell 5% to 40,883 units on year. Tata Motors has been trying to offset an overall weak domestic performance with robust numbers on its UK-based luxury car unit Jaguar Land Rover.
Pareek comes with over two decades of experience with Maruti Suzuki. As the COO, he was heading the marketing and sales vertical that included dealer development, product development, used car business, outbound logistics, spare parts and accessories, after market services and international marketing and Sales. He was also member of the company's board.
Courtesy: Economic Times