NEW DELHI:In the past few weeks the Indian automobile industry has seen one of the highest ever resignations coming from all corners of the sector. Adding to the list of resignations are that of Ashish Kaul, head of sales and network development, Honda Cars India Ltd (HCIL), and Nishith Agarwal, General Manager- IT Strategy, System Planning & Development, HCIL.
Ashish joined the local unit of the Japanese automaker in December 2007 as head of corporate sales and worked in various capacities, including zonal head of sales for east, and north, and national head of sales.
Ashishi started his career in the automotive industry in 1992 with Hindustan Motors. From there he moved to Mahindra & Mahindra in 1999. He has over three decades of experience in the sector working across Sales & Marketing, P&L Management, Business Development, Channel Development, Channel Management, Key Account Management and After Sales Service Management.
Another mid-level executive to resign is Nishith Agarwal, General Manager- IT Strategy, System Planning & Development. He has been associated with Honda Cars for over 16 years.
Honda Cars has been facing a time of discontent since December 2020 when it decided to shut down the Greater Noida factory. Before shutting down the factory the caramker had run a stretched VRS scheme. The plant had employed about 2,000 people in the manufacturing department and a large number of them had opted for the VRS scheme floated at different times from 2020.
The Japanese carmaker saw its decline after emerging as the third-largest carmaker in July 2014 with monthly volumes rising 40% to 15,709 units, overtaking home-grown player Mahindra & Mahindra. It had hit the best performance when its market share in the Indian passenger vehicle almost screeched 7% in April-June FY15. In June 2022 HCIL had registered domestic sales of 7,834 units.
In June 2020 the carmaker was one of the worst performers as its dispatches fell by 87% to 1,398 units and market share in the first quarter of FY21 stood at a dismal 1.1%.
However, the carmaker has strong business plans in the country and is planning to launch a slew of products in the Indian market. The company’s biggest challenge has been the absence in the high-selling compact SUV segment where it may debut shortly.
Recently, Takuya Tsumura has assumed the office of President and CEO.