Tata Motors’ subsidiary Tata Motors Finance’s chief financial officer has left the company.
According to Tata Motors, Pavan Trivedi left Tata Motors Finance a month ago "to pursue other opportunities" and Samrat Gupta has been appointed as new chief financial officer.
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Trivedi’s resignation is Tata Motors’ fifth senior exit in the last two months. It comes shortly before the commercial launch of its compact sedan Zest and hatchback Bolt.
The other recent resignations were Ankush Arora, senior vice-president (commercial) passenger car business, S Jayaraman, assistant general manager, product planning, V Mamillapalle, head of purchases and Rajesh Bagga, head of human resources (HR) and legal.
These exits are in line with recent attrition in India’s automotive space that comes along with the sector’s record fall in sales 2013. Beside Tata Motors, some other big companies, including Hero MotoCorp, Mahindra & Mahindra or Bajaj, had to deal with senior executive exits lately.
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