According to sources familiar with the matter, Rajiv Dube, President of the Passenger Car Division at Tata Motors Ltd. has resigned from his position. He will now be looking at various opportunities beyond the core automotive arena.

Though it was not clear what has prompted the veteran to resign from his position, sources said that he is in talks with a conglomerate that doesn't operate in the automobile business for an opportunity, which he has been looking at for long.

The spokesperson of the company declined to comment citing the fact that Tata Motors doesn't comment on such matters. However, the noteworthy factor here is that Dube, who was a graduate of the Tata Administrative Service, the group's leadership training programme, has been the Executive Assistant to Ratan Tata. Moreover, Dube was one of the executives who played a key role in launching Tata Indica and Tata Nano.

However, this is not the first change in the management of Tata Motors as Ravi Kant, the erstwhile Managing Director of the company, had retired recently and he was appointed as the Vice-Chairman of the company. P. M. Telang was elevated to MD-Operations, while Ravi Pisharody was appointed as President of the CV business.