Mayank Pareek, former chief operating officer at Maruti Suzuki will now be president of Tata Motors' passenger vehicle business unit.
The IIT-BHU engineer will be taking over from Ranjit Yadav, who will now head the company's international business for passenger and commercial vehicles.
Having started his career in 1982 at BHEL, Pareek has served in the manufacturing sector, and been part of domestic marketing and sales operations, dealer development, product development, outbound logistics and more during his stint with Maruti Suzuki India Limited (MSIL).
Highlights of Pareek's career include his leading the leasing, financing and used car business at Maruti.
The IIM, Bangalore alumnus will be taking over the new office from October 1. As president, passenger vehicle business unit at Tata Motors, he will also be a member of the company's Corporate Steering Committee. Tata Motors believes that his extensive experience will "help position the company as one of the leading passenger car manufacturers in India."
|Mumbai, September 29, 2014: Tata Motors today announced the appointment of Mr. Mayank Pareek as President, Passenger Vehicle Business Unit (PVBU). He will join the company on 1st October, 2014 and will take over from Mr. Ranjit Yadav, who will now head the International Business for Passenger & Commercial vehicles. As the President, PVBU, Mr. Pareek would be responsible for steering the passenger vehicle business. He will also be a member of the Corporate Steering Committee. His extensive experience in the passenger car market will play a significant role in harnessing Tata Motors growth potential to help position the company as one of the leading passenger car manufacturers in India. Mr. Pareek comes with over two decades of experience with Maruti Suzuki India Limited (MSIL). His last role was as the Chief Operating Officer, wherein he was heading the Marketing & Sales vertical that included Domestic Marketing and Sales, Dealer Development, Product Development, Used Car Business, Outbound Logistics, Spare Parts and Accessories, After Market Services and International Marketing & Sales. He was also member of MSIL Management Committee, and a permanent invitee to the MSIL Board. He began his career in 1982 with BHEL and worked in the manufacturing function and joined Maruti Udyog in 1991. Initially, he was responsible for sales in the North region and subsequently managed dealer development. During his tenure with Maruti, he also led new strategic initiatives like Leasing, Financing and Used Car Business. Mr. Pareek has a Post Graduate Diploma in Business Management from Indian Institute of Management, Bangalore and a Bachelor of Engineering Degree from Indian Institute of Technology, BHU.|