Saurabh Vatsa is appointed MD of Nissan Motor India
As of April 1, Saurabh Vatsa has taken over as Nissan Motor India’s Managing Director, replacing Rakesh Srivastava.
By RethinkHR, March 26, 2024
With effect from April 1, Saurabh Vatsa has been promoted to the position of Managing Director (MD) at Nissan Motor India. Rakesh Srivastava, the current managing director, is scheduled to retire on March 31. Saurabh has succeeded him.
On January 15, this year, the company named Saurabh Vatsa as Deputy Managing Director.
“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.” stated Frank Torres, President, Nissan India Operations. Additionally, Frank expressed gratitude to Rakesh for his extraordinary leadership, perseverance, and discernment in steering the company through challenging times, such as the COVID-19 pandemic, and for helping to turn around commercial operations in India.
Saurabh Vatsa commented on his promotion, saying, “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.”