Global automobile company Renault Monday said its Deputy Managing Director and Chief Operating Officer Sudhir Rao responsible for India operations has decided to step down from his position, the news reports said.
Some news sources did not wish to share the reason why Mr. Rao has decided to quit the France-based automobile company Renault. They were not even willing to disclose his plans for the future. Mr.Rao was a chief person responsible who brought Renault to India after the global auto major decided to conclude the partnership with Indian automaker Mahindra Group.
Sudhir Rao has played a diversified role in contributing to set up Renault’s Oragadam plant worth Rs 4,500 crore, the reports said. Sudhir Rao has also been successful in helping Renault find a place in the Indian auto industry. He also launched the premium sedan Fluence and SUV Koleos from Renault’s kitty last year.
On his decision to quit from the global automobile company, Mr. Rao said, “I have decided to move on from Renault as the primary objective for which I came to the company, which was to create a new phase for Renault in India, has been achieved.”
During his tenure with Renault, Mr. Rao has leaded the restructuring of the MRPL and also was in charge of launching three new products.
Renault is a global automobile company based in France. It produces cars, vans, trucks, and tractors. The carmaker is on its way to introduce two more products in 2012. It has opened 35 dealerships and Renault targets this number to surge to 100 by end of this year.