Another top exec holding important portfolios quits Maruti Suzuki

New Delhi: Two senior executives atMaruti Suzuki, including the person handling the upcoming launch of its first light commercial vehicle, have resigned, people with knowledge of the matter said.

SN Burman, vice president and head of institutional sales and used-car business, has submitted his resignation a few weeks ago and is likely to leave the company this week, said a person. The other executive, marketing and product development Vice President Manohar Bhat, who was recently given the role of a mentor, left the company last week, another person said.

Burman was in-charge of rural sales and also held the responsibility to sell the LCV, which will take on popular models such as the Tata Ace. “He will be taking over his new role as sales head at an Indian vehicle manufacturer,” the first person said.

Burman, an IIT-Madras graduate, worked with Maruti for about two decades. He declined to comment on the matter.

Bhat, IIM-Bangalore alumnus, is slated to join an insurance firm, said people in the know. “He was not satisfied with the new role as mentor as there was no defined responsibility given to him and that was probably the reason he quit,” a top industry executive said.

Bhat joined Maruti more than seven years ago from Hyundai Motor India. He didn’t respond to a phone call and a message seeking comment.

India’s automobile industry has recently seen a shuffle in the senior level, with several senior executives changing jobs. But the decision of the two Maruti executives, a company that is performing well in a sluggish market, has baffled some people.

“The carmaker’s performance has been reasonably good and (it) posted strong sales growth even at a time when the entire industry is reeling under pressure,” said a top industry executive. “Attrition at the top level (in Maruti) is quite surprising.”