“As we transition into a new phase of the transformation plan for India, we are assured of having an experienced and insightful leader in Saurabh Vatsa. He will build on the foundation laid by Rakesh and spearhead our next phase of growth as we prepare to deliver on the MTP and enter FY24,” said Frank Torres, President, Nissan India Operations.
Saurabh Vatsa has been promoted as Managing Director (MD) of Nissan Motor India, with effect from April 1. Rakesh Srivastava, the current managing director, will retire on March 31. Saurabh has taken over in his place.
On January 15, the business named Saurabh Vatsa as Deputy Managing Director earlier this year.
Frank Torres, President, Nissan India Operations, said, “As we transition into a new phase of the transformation plan for India, we are assured of having an experienced and insightful leader in Saurabh Vatsa. He will build on the foundation laid by Rakesh and spearhead our next phase of growth as we prepare to deliver on the MTP and enter FY24.” Frank expressed his gratitude to Rakesh for his remarkable guidance, perseverance, and discernment in steering the organization through challenging periods, such as the COVID-19 outbreak, and for his role in reviving business operations in India.
Commenting on his elevation, Saurabh Vatsa said, “India presents a complex and challenging market, and Nissan, with its global brand stature, rich legacy, and cutting-edge technology, is poised to deliver on this promise. We are constantly pushing the boundaries on ‘what’s next’ and our daring spirit of innovation is what sets us apart. We intend to deliver on the ongoing business transformation plan in preparation of the MTP, which includes a new product portfolio and enhanced customer centricity.”
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