Hyundai India's marketing chief, Mr Arvind Saxena resigns

Hyundai India Limited has announced today that Mr Arvind Saxena, director of marketing and sales has resigned from the company services. Mr Saxena joined the company as Vice President and served for seven years.

Mr Arvind Saxena said “I will always cherish the time spent at HMIL. The organization has been open to ideas and I have personally learnt a lot from the time spent at Hyundai Motor India.  The company has a strong succession plan in place manned by very capable individuals who I am sure will take the company to the next level” .

Mr B.S Seo, Managing Director, Hyundai Motor India said “Our association with Mr. Saxena has been mutually enriching. He has guided the company through the years and helped the company stay ahead.  We wish him the very best in his future endeavors.”

Just last week we had reported that some of the top marketing people from Volkswagen (VW) had called it quits, including Mr Neeraj Garg, director of VW's passenger cars division and the man in charge for the company's six brands in India and Mr Sandeep Mandrekar, head of sales for VW India. It was also said that the VW India's newly appointed CEO, Mr Gerry Dorizas was considering filling up the top and mid-level marketing positions at VW from Maruti Suzuki. Furthermore, it is also reported that Mr Garg's position was offered to Maruti Suzuki CGM marketing, Mr Shashank Srivasatava. However, nothing concrete has materialized yet in the mater. 

Could it be then, that Mr Arvind Saxena has stepped down from his position at Hyundai to rescue Volkswagen India that is going through a major setback?