Saurabh Vatsa to succeed Rakesh Srivastava as Nissan Motor India MD

Delhi: Nissan Motor India has announced the appointment of Saurabh Vatsa as Managing Director (MD) of the company effective April 1, 2024. Earlier this year, Vatsa was appointed as Deputy Managing Director by the company on January 15. Upon elevation to the role of MD, Vatsa will report to Frank Torres, President, Nissan India Operations and Region Divisional Vice President of Business Transformation (AMIEO).

Vatsa succeeds incumbent Managing Director Rakesh Srivastava who retires this year on March 31, 2024. Under the stewardship of Srivastava, the brand saw the introduction of the bestseller Nissan Magnite B-SUV in India. 

Frank Torres, President, Nissan India Operations, said, “Srivastava has been a key member of our India leadership team. We thank 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. As we transition into a new phase of the transformation plan for India, we are assured of having an experienced and insightful leader in 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.”

Commenting on his elevation, Vatsa said, “I am excited to be part of Nissan at this crucial juncture of our growth plans in India. 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.”