Hyundai Motors India Limited (HMIL), India’s No 2 auto manufacturers and No.1 passenger car exporters have recently evaluated their top management positions. Following this, there was a change of guard wherein Mr. R Sethuraman, Senior VP – Finance and Member of the Board of Directors has now been promoted to the position of Director of Finance and is also the Member of Board of Directors.
Rakesh Srivastava who was Vice President – National Sales & Marketing, will be elevated to Senior Vice President – Sales & Marketing at HMIL. Both these executives have vast experience in their fields and completely understand market dynamics. They have long term visions for HMIL and are confident of meeting these goals head on.
Mr. B S Seo, MD & CEO, HMIL said, “We are very delighted to announce the elevation of Mr. R Sethuraman and Mr. Rakesh Srivastava. Their vast experience has shown an outstanding ability to assess the challenging situations, understand market dynamics and set goals and objectives for driving Hyundai’s growth story. We are confident that they will continue to lead the HMIL team ably with their experience and dynamism in their new roles.”
HMIL has 9 car models across segments in the country. In the A2 segment, the company has its Eon, Santro, i10 and i20 while in the A3 segment, HMIL offers the Accent and Verna. In the A4 segment is the Hyundai Elantra along with the Santa Fe in the A5 segment. In March 2013, domestic HMIL passenger car sales accounted for 33,858 units in comparison to 39122 vehicles sold in March 2012 resulting to 13.5 sales decline for the month.
Ajay Raghuvanshi, national head for dealer development and rural sales operations for Hyundai and the Business Head for the entire Western Zone, has been appointed as Vice President – Business Management, responsible for supporting pricing, marketing, sales and operations India. His previous work ex has seen him in a range of positions at Honda, Tata Motors and Yamaha.