Rajiv Dube, president of Tata Motors’ passenger car division, has quit the company to pursue professional interest elsewhere in the corporate world.
In a statement issued today, the Mumbai-based largest automotive player of India stated it had accepted Dube’s request and had made changes through reorganisation of responsibilities of two of its senior employees. Although exact reason for the sudden exit of the executive was not known, industry watchers said limited room for further growth within the Rs 70,000-crore group led to the departure.
Dube said: “I have been with the car industry for 12 years and have run it for five years. I desired to do something different. It is a very normal aspiration that everybody has. I haven’t firmed up my options yet, but there are three to four options. I will finalise it in the next four-six weeks.”
Dube had joined the Tata group in 1983 in manufacturing operations at Jamshedpur. The company under him launched several products, including India’s first indigenously built car Indica, followed by Indigo, Safari, the pick-up range and Nano.
He joined Tata Administrative Services in 1990 and was assigned to Tata Industries in 1991. He was reassigned to Tata Motors in 1998, when the passenger car division was formed. The executive will be with the company till the end of June.
