Arvind Saxena resigns from Hyundai Motors India Limited

After having served the company for a total of seven years, Mr. Arvind Saxena, Director Marketing and Sales has resigned from Hyundai Motor India Limited. Saxena joined HMIL in 2006 as Vice President and has served the company well for the past seven years during which time he guided the company and ensured that they stayed ahead in the Indian auto sector.

Saxena is likely to head the Volkswagen brand in the country though no confirmations were available from Volkswagen India. Rumor has it that Saxena will be their new Head for the Marketing and Sales team in India and he is expected to take the place of Mr. Neeraj Garg currently Member of Board and Director of Volkswagen in India. Garg and Sandeep Mandrekar head of Sales at Volkswagen too will be resigning from the company.

Hyundai in the meanwhile is on the lookout for a replacement for Mr Saxena while Mr. Rakesh Srivastava Vice President for National Sales at HMIL will be handling his duties in the interim period.

Auto News Release

Chennai / Delhi 20th July 2012: Hyundai Motor India Limited today announced that Mr. Arvind Saxena, Director Marketing and Sales has resigned from the company’s services. He joined the company as Vice President and served for seven years.

Mr B.S Seo, Managing Director, Hyundai Motor India said “Our association with Mr. Saxena has been mutually enriching. He has guided the company through the years and helped the company stay ahead.  We wish him the very best in his future endeavors.”

Mr Arvind Saxena said “I will always cherish the time spent at HMIL. The organization has been open to ideas and I have personally learnt a lot from the time spent at Hyundai Motor India.  The company has a strong succession plan in place manned by very capable individuals who I am sure will take the company to the next level” .

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets eight passenger car models across segments — in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A5 segment Sonata and in the SUV segment the Santa Fe.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of advanced production, quality and testing capabilities. HMIL forms a critical part of HMC’s global export hub, it touched 1.5 million in exports in March 2012.  It currently exports to more than 120 countries across EU, Africa, Middle East, Latin America and the Asia Pacific. HMIL has been India’s number one exporter for seven years in a row. To cater to rising demand the company commissioned its second plant in February 2008 having an installed capacity of 330,000 units per annum. To support its growth and expansion plans HMIL currently has 347 dealers and more than 800 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D centre endeavors to be a center of excellence in automobile engineering.