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Nagesh Basavanhalli, vice-chairman at Greaves Cotton, is learnt to be leaving the organisation. He has informed Greaves Cotton’s Board of his ‘intention to transition from his position as Non-executive Vice Chairman of the Company,’ according to a company spokesperson.
He had joined the organisation as its MD and CEO six and a half years earlier. During this period, Greaves Cotton made some major moves to transform itself from being largely a diesel engine manufacturer, to a provider of multi-technology energy solutions. Acquisition of Ampere Vehicles to enter the electric vehicle (EV) space would be most significant.
A successor to Nagesh Basavanhalli is yet to be decided. Till then he will continue in his position of non-executive Vice-Chairman. According to the company spokesperson, the Board acknowledged Basavanhalli’s ‘invaluable contributions’ and expresses gratitude for his ‘remarkable leadership in transforming Greaves into a forward-thinking organisation poised to seize new opportunities’.
Prior to joining Greaves Cotton, Basavanhalli had stints at Daimler Chrysler (which later turned Chrysler, and FCA), Defiance Tech (now Hinduja Tech), and ATG (Alliance Tire Group). During his stint at the Italian-American Fiat Chrysler, he also held the position of President and MD of FCA’s India operations.
