Nissan Motor India has announced the elevation of Saurabh Vatsa as Managing Director (MD) of the company effective April 1. Saurabh has succeeded incumbent Managing Director Rakesh Srivastava, who is set to retire on March 31.

Earlier this year, Saurabh Vatsa was appointed as Deputy Managing Director by the company on January 15. 

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 also thanked Rakesh for his exceptional leadership, tenacity, and wisdom in leading the company through turbulent times including the COVID 19 pandemic while contributing to the turnaround of India business operations.

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.”