Chennai-based two-wheeler maker TVS Motor Company today said its President for Marketing H S Goindi has resigned from the company.
"H S Goindi, President Marketing, TVS Motor Company has expressed his desire to pursue interests outside the company and as such has requested to be relieved by March 31, 2013," the company said in a statement.
The management of the TVS Motor Company has accepted Goindi's resignation by acknowledging the efforts put in by him for the success of the company during his tenure, it added.
"No immediate replacement has been announced," the statement said.
TVS Motor Company had reported 3.70 per cent decline in its total vehicle sales in February at 1,65,696 units. It had sold 1,72,061 units in the same month last year.
Total two-wheeler sales of the company fell by 4.79 per cent last month to 1,60,895 units from 1,68,996 units in the year-ago period.
Scooter sales dipped by 16.58 per cent to 30,611 units in February from 36,693 units in the same month of 2012, while motorcycle sales went down by 3.23 per cent to 60,985 units from 63,019 units in the year-ago period.
The company's domestic two-wheeler sales registered a decline of 6.54 per cent to 1,42,800 units as against 1,52,796 units in February 2012.
Source: Economics Times
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