Mayank Pareek not quitting the company: Tata Motors
A media report surfaced yesterday hinting at a major change in Tata Motors' top brass. A report by ETAuto claimed that Mayank Pareek, President - Passenger Vehicles, Tata Motors, had decided to quit the company. In case you don't know, Mayank has been credited with the turning things around for the company by introducing popular products like Tiago, Nexon, and Harrier. So, his decision to leave Tata Motors, especially at a time when the company is going all out to increase its market share in the passenger vehicles segment, could affect the company's growth plans. So, Tata Motors was quick to quash this rumour and issued a statement clarifying that Mayank Pareek has not quit the company. Mayank, who joined Tata five years ago, was previously employed with Maruti Suzuki for over two decades. The sales slowdown plaguing the Indian automobile industry has caused several rejigs among the top management in various automobile companies. While some have joined new carmakers like...