Tata Motors' CV head, Ravi Pisharody quits

Ravi Pisharody, executive director, commercial vehicle division, Tata Motors, has resigned from the company today citing personal reasons. The company issued a statement to that effect to the Bombay Stock Exchange today.

Ravindra Pisharody, who took over as executive director of the Commercial Vehicles Busines Unit on June 21, 2012, joined Tata Motors as vice-president (Commercial Vehicles Sales & Marketing), in 2007. He is also on the board of various Tata Motors Group companies. Before joining Tata Motors, he had worked with Castrol Ltd, a subsidiary of BP, and with Philips India, a subsidiary of the Dutch company in various roles. Pisharody is an alumnus of IIT, Kharagpur and IIM, Kolkata.

Pisharody’s exit comes at the time when the company is gearing up to wrest market share after going BS IV on Apil 1 and implementation of GST from July 1. The company is working on a number of new product launches to plug the product gaps in its portfolio and to further extend its market share in the key profitable M&HCV segment. Competition has been fierce in the segment with steep discounts offered by rival manufacturers.  

In May 2017, Tata Motors’ overall commercial vehicle sales declined by 13 percent to 23,606 units (May 2016: 27,026). Overall sales of M&HCV trucks were down by 40 percent at 6,522 units. 

In another statement, the company said it has appointed Satish Borwankar as the chief operating officer of the company with immediate effect and his tenure as executive director would be extended for a period of 2 years from July 2017, subject to shareholder approval.