Nissan Motor India has appointed Saurabh Vatsa as Managing Director (MD) effective April 1, 2024, following his appointment as Deputy Managing Director on January 15. Upon elevation to the role of MD, Saurabh will report to Frank Torres, President, Nissan India Operations and Region Divisional Vice President of Business Transformation (AMIEO).
Saurabh Vatsa takes over as Managing Director after Rakesh Srivastava’s retirement, leading to the launch of the Nissan Magnite B-SUV in India.Since its launch in 2020, the Nissan Magnite has sold over 100,000 SUVs in the domestic market as of February 2024.
The company has won the Global Nissan President Award for Project Magnite in 2020 and the Nissan India Business Transformation Plan in 2022. The company thanks Rakesh for his contributions and leadership, wishing him the best for his next phase. Commenting on his elevation, Saurabh Vatsa said, “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.”
