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Satish Borwankar takes over as Tata Motors COO; Pisharody quits as ED

Pisharody's exit comes at a time when the company has witnessed a slowdown in sales of its CVs

Shubham Parashar  |  Mumbai 

Ravindra Pisharody
Ravindra Pisharody | Photo: Suryakant Niwate

has appointed as chief operating officer (COO) of the company with immediate effect. His tenure as executive director would be extended for a period of two years from July 2017, the company said in a statement to stock exchanges.

The company also announced that had resigned from the post of executive director (commercial vehicles) for personal reasons. Pisharody also resigned as director of the company and its associated firms. He had been an executive director on the board for almost five years, since June 2012. said his successor would be announced soon.

New COO Borwankar, a mechanical engineer from IIT Kanpur, started his career with in 1974. He was appointed executive director-quality on the board in June 2012. He has worked in various executive positions, overseeing and implementing product development, manufacturing operations and quality control initiatives of the CV business. He was also the head of the company’s Jamshedpur plant.

Satish Borwankar, the new COO of the company
Satish Borwankar, the new COO of the company
Pisharody’s resignation comes at a time when the company has witnessed a slowdown in sales of its (CV) in the domestic market. The company’s CV sales grew by a mere 0.45 per cent to 305,620 units in FY17. In May 2017, the CV sales in the domestic market were at 23,606 units, down 13 per cent from the same month last year.

Prior to becoming the executive director, Pisharody was the president of Tata Motors’ CV division since June 2009.

First Published: Tue, June 06 2017. 09:21 IST
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