Tata Motors is continuing with its efficiency drive, rejigging the roles of its top executives in a bid reduce hierarchy at the leading auto manufacturing company , according to report in Mint.
The move is part of the restructuring initiative started a few months ago, the report quoted three people privy to the information as saying.
According to the report, Managing Director and Chief Executive Guenter Butschek provided details of the new roles and responsibilities in an office circular on January 25. The step, effective from April 1, is aimed at quickening decision making by reducing the number of management layers to five from the current 14.
Girish Wagh, who heads the project planning and programme management in the passenger vehicle business unit, will take charge of the medium and heavy commercial vehicle business of the firm. Ramki Ramakrishnan, President of the CV business, will turn head of customer care and after-sales services for CVs. Anil Sinha, head of manufacturing operations for passenger cars, will head the quality function of the company’s CV business.
Tata Motors’ domestic passenger car sales and market share have almost halved in the past two years. While it remains the leader in the medium and commercial heavy vehicle (MHCV) segment, the company has of late ceded some ground to rivals.
Society of Indian Automobile Manufacturers, a lobby group, said that Tata Motors’s market share in the MHCV segment dropped to 52.47% in the first nine months of the current financial year from 55.42% a year ago.
Source: Money Control