Unconfirmed report from Economic Times reveals that Ranjit Yadav has submitted his resignation to Tata Motors. Sidelined after being shifted out of domestic operations and being posting as head of the company’s international car markets could be the cause of Yadav’s resignation, though a spokesperson for the company declined to comment.
Ranjit Yadav, 51, was earlier with Samsung and was hired as President of Tata Motors’ domestic passenger division by former MD, late Karl Slym, in a bid to turn around its ailing passenger car division. However, Yadav could not bring about much change in this division and marker share continued to fall while ranking in the passenger car market fell below third position, adds the report.
On the appointment of Mayank Pareek from Maruti Suzuki last year, to head the domestic passenger vehicle unit, Yadav was sidelined and posted to head of international car markets which is a comparatively small business. This posting did not go down well with Yadav who was instrumental in charting out long term revival strategies for Tata Motors along with Slym. Company insiders indicate that the company management was not altogether satisfied with Yadav’s performance.
Ranjit Yadav joined Tata Motors well aware of the challenge he was taking on. He was instrumental in new vehicle launches in 2014 and was a part of the Falcon project (Bolt and Zest) showcased at the Auto Expo 2014 while the portfolio was designed till 2020 with something new each year. His appointment with Tata Motors followed his stints as India Country Head for Samsung while he has also served in crucial positions at Hewlett-Packard Asia Pacific and Philips India.
via Economic Times