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Ajay Raghuvanshi quits as Nissan India Vice-President

Snapshot: Ajay Raghuvanshi said that he quit the job to "pursue other options", which he didn't explain any further and kept it to himself.

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Nissan Motor India has confirmed that Ajay Raghuvanshi has resigned from his position of Vice-President, Sales, Marketing & Dealer development. Nissan, the Japanese automajor, has hired Ajay Raghuvanshi in March 2013 and he was credited with the development of an independent sales and distribution network in India of the company. In addition, Raghuvanshi also had a pivotal role in the introduction of Nissan's low-cost brand, Datsun, in India in March 2014, when it launched the GO hatchback.

Ajay Raghuvanshi said that he quit the job to "pursue other options", which he didn't explain any further and kept it to himself. However, sources tell us that Raghuvanshi felt left out after Nissan late last year brought in Mahindra & Mahindra veteran Arun Malhotra to head its domestic unit as managing director. Nissan India, too, remained mum on the same and refused to divulge any further details regarding Ajay's resignation. He played a key role in shaping up the marketing network after the company in February last year terminated its agreement with Hover Automotive India, which used to exclusively sell, market and distribute Nissan's vehicles and parts in India.

Nissan started operations in India in 2005. Together with global partner Renault of France, it has set up a manufacturing plant and a research & development centre near Chennai. Raghuvanshi, who has earlier worked with Hyundai, Honda and Tata Motors was brought by the Japanese carmaker to improve its market share. Nissan, the second largest Japanese carmaker after Toyota, is facing an uphill task in India where it lags far behind traditional rival Honda as well as Suzuki Motor. It is currently ranked ninth in the Indian passenger vehicle market with a market share of just 1.81%.

Source: Economic Times

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