Hyundai India’s director for marketing and sales resigns

By: |
Chennai | Published: August 2, 2018 2:06:56 AM

Hyundai Motor India on Wednesday said that its director for marketing and sales Rakesh Srivastava has resigned to pursue interests outside the organisation.

Rakesh Srivastava, Former Director, Sales & Marketing, Hyundai Motor India Ltd.

Hyundai Motor India on Wednesday said that its director for marketing and sales Rakesh Srivastava has resigned to pursue interests outside the organisation.

Though the exact details of his joining a new organisation are not known, sources pointed out that he may join BMW India to head the latter’s operations. Srivastava could not be reached for comments. When contacted, a BMW India spokesperson denied any such move and declined to talk any further.

It assumes significance at a time when Hyundai India announced its expansion plans and new products launch, including a small compact car (likely the Santro) replacing the Eon at the entry level during the festive season, as well a compact SUV and an EV in 2019. Srivastava, who joined the firm as vice-president in 2012 and served for six years, has played a key role in the company’s growth during the period.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1PM Narendra Modi ready to remove bottlenecks delaying approvals, but you need to speak up: Industry leader Deepak Parekh to builders
2Realtors’ unhappy over RBI’s rate hike, see adverse impact on housing sale
3RBI refuses to comment on ICICI Bank mess