Nagesh Basavanhalli, vice-chairman at Greaves Cotton, is learnt to be leaving the organisation. He has knowledgeable Greaves Cotton’s Board of his ‘intention to transition from his place as Non-executive Vice Chairman of the Firm,’ based on an organization spokesperson.
He had joined the organisation as its MD and CEO six and a half years earlier. Throughout this era, Greaves Cotton made some main strikes to rework itself from being largely a diesel engine producer, to a supplier of multi-technology power options. Acquisition of Ampere Autos to enter the electrical automobile (EV) house can be most vital.
A successor to Nagesh Basavanhalli is but to be determined. Until then he’ll proceed in his place of non-executive Vice-Chairman. In line with the corporate spokesperson, the Board acknowledged Basavanhalli’s ‘invaluable contributions’ and expresses gratitude for his ‘outstanding management in reworking Greaves right into a forward-thinking organisation poised to grab new alternatives’.
Previous to becoming a member of Greaves Cotton, Basavanhalli had stints at Daimler Chrysler (which later turned Chrysler, and FCA), Defiance Tech (now Hinduja Tech), and ATG (Alliance Tire Group). Throughout his stint on the Italian-American Fiat Chrysler, he additionally held the place of President and MD of FCA’s India operations.
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