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Maruti Suzuki sales head Mayank Pareek resigns, may join Tata Motors

Maruti Suzuki sales head Mayank Pareek resigns, may join Tata Motors

It is speculated that the former Marketing and Sales Head may join Tata Motors, which has been seeking a revival in fortunes in the passenger cars segment.

Mayank Pareek (L), Maruti Suzuki India executive officer for marketing and sales, speaks with its Managing Director and Chief Executive Officer Shinzo Nakanishi during a news conference in New Delhi (Photo: Reuters) Mayank Pareek (L), Maruti Suzuki India executive officer for marketing and sales, speaks with its Managing Director and Chief Executive Officer Shinzo Nakanishi during a news conference in New Delhi (Photo: Reuters)

Maruti Suzuki India's (MSI) marketing and sales head Mayank Pareek has quit the company after nearly 20 years of service at the company.

While Pareek, who is designated Chief Operating Officer (marketing and sales), could not be reached for comments, according to people familiar with the development, he has put in papers to pursue 'better opportunities'.

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The spokesperson for MSI, country's largest carmaker, declined to comment.

His sudden departure comes at a time when Maruti is gearing up to launch its premium sedan Ciaz in October. The company has been struggling to make its presence felt in the bigger car segment.

It is speculated that he may join homegrown auto major Tata Motors, which has been seeking a revival in fortunes in the passenger cars segment.

Besides the company chairman RC Bhargava, Pareek is the other Indian face of the company in which Japan's Suzuki Motor Corporation holds majority stake.

Pareek had successfully continued the rural drive of the company initiated by former Managing Director Jagdish Khattar.

He has been credited for keeping the company's sales counter ticking and increasing market share even when the Indian automobile market went on a slump in the last two years.

Published on: Sep 17, 2014, 12:02 PM IST
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