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Ashok Leyland MD and CEO Vipin Sondhi to step down from 31 December

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Vipin Sondhi, the managing director and chief govt of economic autos maker Ashok Leyland – who was employed after an in depth head-hunting train that lasted greater than a 12 months – will step down from his place on 31 December inside two years of appointment.

Chairman Dheeraj Hinduja, who had donned the manager hat within the intervening interval between earlier high govt Vinod Dasari’s exit and Sondhi’s appointment, will once more step into an govt function.

Sondhi “has expressed his intention to commit extra time to deal with sure private and household commitments within the post-COVID pandemic scenario, that require his prolonged presence in New Delhi,” learn a press release from the Hinduja-Group flagship firm.

Previous to this, Sondhi was the managing director and chief govt of the Indian arm of building tools producer JCB.

Vipin Sondhi’s exit comes at a time when the industrial autos (CV) business remains to be underneath strain from the consequences of the Covid-19 pandemic. Ashok Leyland, the number-two CV maker in India, has been notably affected as gross sales of buses, considered one of its robust areas, stay the most-affected.

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