Hinduja Automotive Ltd., the holding company of Ashok Leyland Ltd., announced the intent of Dr. V Sumantran, Executive Vice-Chairman to step down from the Board and this would become effective from 31 March 2014. Dr. Sumantran has also stepped down from his position on the Board of Ashok Leyland Ltd. However, he will continue as advisor to the Hinduja Group, while he pursues his interests in academia, research and consulting.
Dr. Sumantran, among many responsibilities, had overseen the LCV business of Ashok Leyland, through their Joint-Venture with Nissan. Dheeraj Hinduja, Co-Chairman, Hinduja Automotive Ltd said: ‘‘Dr. Sumantran has played a key role in expanding Ashok Leyland’s product range and new businesses and in creating a strong partnership with Nissan. I have greatly valued his vast experience, knowledge and his advice over the past several years. I wish him all success in his new pursuits.’‘
Dr. Sumantran said: ”When I had joined the Board, getting Ashok Leyland into the LCV business was a major objective. Now, with the launch of the Partner and Mitr, we have seen completion of the first phase of our cooperation with Nissan. This was a suitable juncture for me to look to pursuing other interests, including some work with academia, research and consulting. I have the privilege to work with a phenomenally motivated and accomplished team, supportive share-holders and highly experienced Board colleagues and management. I wish them every success in the years ahead.’‘