4 top level sales executives exit Volkswagen India
Even as Volkswagen India has declined to comment on these exits and the implications there from, a report from Economic Times reveals that four top level executives have left the company.
Among these exists are Pankaj Sharma, Head of Corporate Sales, Prakash Ravi, Regional Sales Manager and Neerav Shah, National Head of Corporate Sales. While Pankaj Sharma will be working till the 31st August 2017, the other three will be leaving the company with immediate effect from the 31st of this month.
Following these sudden and unexplained exits, the ET report reveals that there will be more such exits in the weeks ahead. This puts the company in a dilemma even as it tries to retain its sub-par market share in Indian automobile markets. Left devoid of brand leader, Theirry Lespiaucq, Head of Volkswagen Group Sales is acting as Interim Executive.
These resignations come at a time when the company has noted sales to the extent of 50,042 units in FY17 resulting in growth of 21% as against sales of 41,096 units in the same period of the previous year.
VW Group has been seeing several changes at the helm and regular exits of its top executives. In 2012, a new head of brand, sales, marketing and dealer development exited the company in a few years which included Arvind Saxena, Avik Chattopadhyay and Hardeep Brar. 2015 again saw Anil Reddi, head of Porsche brand, Nalin Jain, Group CFO and Niraj Srivastava, Head of Sales leave the company.
Constant changes in management, the Dieselgate scandal and lack of an updated product portfolio has impacted growth of the company in India. It is with this purpose that VW Group has decided to enter into an MoU with Tata Motors and dealers, suppliers and management are keeping a close watch to see how these talks progress which will help in ensuring that the path ahead is more fruitful for the company.