M&M's two-wheeler biz to be part of AFS business from FY2015
Oct 10 2013 , New Delhi
Subsequent to the retirement of Anoop Mathur, President Two-Wheeler Sector and Member of the Group Executive Board, on March 31, 2014, two wheeler business would move to the automotive and farm equipment sectors," M&M said in a statement.
"This realignment would help the two-wheeler business take advantage of synergies with AFS across the value chain including R&D, sourcing, manufacturing, distribution, marketing and human capital," it added.
Following this transition, with effect from April 1, 2014, Rajesh Jejurikar, Chief Executive-Tractor & Farm Mechanisation, will look after the two-wheeler business in addition to his current responsibility and will continue to report to Goenka.
Mahindra said Anoop Mathur played a key role in building up the two-wheeler business since its formation in 2008