Bajaj Motorcycles President K Srinivas resigns

Monday 28 April 2014, 17:07 PM by

K Shrinivas, President of domestic business unit for Bajaj Motorcycles, has called it quits nearly after 15 years of service in the company. As per sources, he has decided to move-on to a non-automotive company in the country. His position shall be taken oven by Eric Vas who has been heading the Bajaj Auto Finance division.

S Ravikumar, president, Business Development and Assurance at Bajaj Auto, said, “He did create an energetic team to execute our strategy. It's true that the competitive pressure was quite tough, which coupled with falling economy led to the fall in our market share, but with new Discover models, we are gaining market share again. Its unfortunate that he is not part of the recovery”. Reason behind the switch is still unknown. Some have linked the change to a fall in market share for the company.

Bajaj Motorcycles President K Srinivas resigns |
Bajaj Motorcycles President K Srinivas resigns

During K Shrinivas tenure with the organization, he has held some vital positions in the company. As per sources, he headed the HR function for Bajaj Auto and brought in a mutually beneficial HR practice. K Shrinivas also headed the Auto Finance division for a brief while, wherein he brought in attractive and initiative finance schemes for cash collection from the buyer lot.

It is still unknown as to who may replace Eric Vas position at Bajaj's Auto finance division. But it is anticipated that V Karunakaran, the VP and Business Head of Bajaj Auto Finance, may replace the vacant position.

Source: ET

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