MUMBAI: Neeraj Garg, VP at the commercial, passenger car business unit of Tata Motors, has resigned from the company on Thursday ending a very short stint of seven-and-a-half months at the company.
ET learns Ankush Arora, former VP marketing and sales at GM India, who joined Tata MotorsBSE -2.23 % on April 23,2013,as senior VP & head strategy at Tata Motors will take over from Garg in the interim.
A person close to Tata Motors told ET, Neeraj wanted to disengage himself from the company as he wanted to pursue his own entrepreneurial venture, which would have been tough along with the existing role. He has several options in front of him and Tata Motors decided to let him go.
When contacted, Neeraj Garg confirmed his resignation and told ET, "Yes it is true. I have decided to move on from Tata Motors. At this age of my life,I am looking certain entrepreneurial ventures which could be in the automotive or allied businesses. It would have been tough to carry on with the existing profile at Tata Motors."
It was an extremely tough stint for Neeraj Garg at Tata Motors ever since he joined in September 2012.The sales of Tata Motors have been on a downward climb, as the overall passenger vehicle market in India fell to a decade low in FY13.The market share of Tata Motors in passenger cars slipped from 10.87% in September 2012 to 4.92% in March 2013 and in passenger vehicles, it came down from 12.78% in September 2012 to 8.75% in March 2013.
While Arora will be holding the fort in the interim,a person close to Tata Motors added,The company will be looking at filling the critical post in the coming months, with Arora going back to the role for which he joined the company.
Talking about his short stint at Tata Motors,Garg said it was an enjoyable yet a challenging stint.
"Tata Motors is a huge organisation. Through the years, I have helped companies establish their brands in India, for me the task of turning around the organisation in a complex environment was a challenging and interesting for me," he added.
An email sent to Tata Motors remained unanswered.
Garg is an automotive industry veteran with an experience of over two and half decades in selling cars in India. Prior to working with Tata Motors, Garg has helped organisations like Volkswagen, Nissan Motor India and Honda Siel Cars India set up a base in India.
Grapevine has it that Neeraj Garg may be going back to Nissan Motor India or its marketing arm Hover Automotive. But Garg termed them as rumours.