Nissan Motor India announces Saurabh Vatsa as new MD

In a significant move aimed at propelling Nissan Motor India into its next phase of growth, the company has officially appointed Saurabh Vatsa as its new Managing Director, effective April 1, 2024. Vatsa will succeed Rakesh Srivastava, who will be stepping down as the incumbent MD upon his retirement on March 31, 2024.

"Saurabh Vatsa's elevation to the role of Managing Director underscores our commitment to fostering talent and ensuring seamless leadership transition within the organization," remarked Frank Torres, President of Nissan India Operations and Region Divisional Vice President of Business. "His proven track record and strategic vision make him the ideal candidate to lead Nissan Motor India into the future." Vatsa's appointment follows his recent designation as Deputy MD on January 15, reflecting the company's strategic foresight and emphasis on continuity in leadership. As he assumes this new responsibility, Vatsa will report directly to Torres, bringing his wealth of experience and fresh perspectives to drive Nissan's ambitious growth agenda in India.

Under the stewardship of Rakesh Srivastava, Nissan Motor India achieved remarkable milestones, notably the successful launch of the Magnite B-SUV in 2020. "Rakesh Srivastava has been instrumental in steering Nissan through challenging times and positioning the company for success," Torres acknowledged. "His leadership, resilience, and strategic acumen have been invaluable in driving our business forward." Looking ahead, Vatsa conveyed his excitement about the new role and outlined Nissan's commitment to innovation and customer-centricity. "I am honored to lead Nissan Motor India at this pivotal juncture," Vatsa commented. "We are poised to build on our legacy of excellence, leveraging our global brand stature and cutting-edge technology to deliver unparalleled value to our customers."

Nissan Motor India remains steadfast in its commitment to the Indian market, with plans to invest Rs 5300 crore ($600 million) as part of the Alliance and introduce a compelling new product portfolio aligned with its transformation plan in 2023. With Vatsa at the helm, the company is poised to embark on an exciting journey of innovation, growth, and customer satisfaction.