After a torrid 2011, when it saw sales plummet and rivals eat into its market share, Japanese car major Honda Siel Cars India on Friday said its current president and CEO Takashi Nagai and marketing director Seki Inaba are being shunted out of India from April.
“Honda Motor Company, as part of its annual process globally re-aligns changes in leadership across regions,” a Honda spokesperson told HT. “The changes in management for India are part of the same process. The new management will join from April 1.”
Nagai would go on to take over as president and representative director of Honda Logistics and would be replaced by H Kanayama, currently incharge of Taiwan operations.
Though the company said the transfers were routine, it is being perceived as part of a restructuring as the firm looks to get back into stride. Honda has suffered due to production constraints and the lack of diesel technology and has seen its leadership position slip in the premium car market.