Sundaram-Clayton and TVS Motor get new MDs!

Lakshmi Venu, the daughter of the veteran Industrialist Venu Srinivasan, has taken over as the Managing Director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturers.

A press release stated that this decision was taken by SCL’s Board members after a meeting held on Friday. Lakshmi Venu earlier served SCL as its Joint Managing Director.

“She managed the turnaround of Sundaram Clayton Ltd. to make it a competitive foundry in the world, and has built deep customer relationships with Cummins, Hyundai, Volvo, Paccar and Daimler,” a press release said.

A day before Lakshmi’s elevation, her brother Sudarshan Venu was elevated as the Managing Director of TVS Motor Company.

On Thursday, the company announced this following a board meeting. “Sudarshan Venu has been associated with TVS Motor Company and has played a pivotal role in the company’s growth in India and key international markets, including Asia, Africa, and more recently Europe,” sources stated.