Mayank Pareek, the sales chief of India's largest carmaker Maruti Suzuki has put in his papers after serving the company for more than two decades. Known among the automobile fraternity as the face of Maruti Suzuki, Pareek has served the carmaker for more than two decades at a time when its market share peaked to its highest for the past five years. According to people in the knowledge of he is likely to remain part of the automotive industry and may reveal his plans shortly. The reasons for the Pareek's departure is not clear, but unconfirmed talks surfaced shortly after, that he might be headed to rival carmaker Tata Motors. Pareek could not be reached for comment. However, a senior company official confirmed the news of his resignation. Another official said Pareek is leaving for "better prospects." Pareek is credited with spearheading the carmaker's drive into the rural markets and the success of many Maruti Suzuki products.
Read the Economic Times news report here.