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Hyundai Motors announces appointment of Rakesh Srivastava in place of outgoing Arvind Saxena

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Following the resignation of Arvind Saxena – Director Marketing & Sales at Hyundai Motors India Limited, the company has appointed Mr. Rakesh Srivastava in his place. Srivastava, who till date held the position of Vice- President – National Sales at Hyundai Motor India Ltd, will now take over from Saxena with effect from 27th July, 2012, overseeing both sales and marketing departments at HMIL

Saxena served the company for a period of seven years and moves on to explore other opportunities. Talks have pointed at him joining Volkswagen where he will be in charge of their Indian operations. Srivastava on the other hand joined Hyundai Motors in April 2012 from Maruti Suzuki India Limited. He is an IIM-A alumni and has over 24 years of experience in companies such as Goodlass Nerolac Paints, CTG Industries besides vast knowledge of the auto industry. Though Saxena is slated to join Volkswagen India, no confirmation has been received from the company.

Volkswagen sales have taken a dip during the month of June 2012. The company sold 5371 units in June 2012 as compared to 5397 units in the same month in previous year. Hyundai Eon, Santro and i10 and i20 are among their major sellers the company reported a 3.49% increase in sales during the month of June 2012 during which they sold 54,354 units over the same month in the previous year. And while there’s newness at management level, the auto market here eagerly awaits the Hyundai elantra india price.

News release: Hyundai Motor India today announced that Mr. Rakesh Srivastava Vice- President – National Sales at Hyundai Motor India Ltd, will now be heading both the sales and marketing functions at HMIL. This was being earlier handled by Mr. Arvind Saxena, who has resigned from the company to pursue other opportunities. Mr. Srivastava joined the organization in April this year from Maruti Suzuki India Ltd.  Mr. Srivastava is an IIM- A alumnus and has over 24 years of experience. His past assignments include Goodlass Nerolac Paints and GTC Industries.