VE Commercial Vehicles Appoints B Srinivas as MD & CEO, Vinod Aggarwal as Chairman
VE Commercial Vehicles announced major leadership changes with B Srinivas appointed as Managing Director & CEO and Vinod Aggarwal as Chairman, both effective April 1, 2026. The transition sees Srinivas, with over three decades at Eicher and current COO role, taking charge while Aggarwal moves from his 16-year MD & CEO position to Chairman.
*this image is generated using AI for illustrative purposes only.
VE Commercial Vehicles has announced significant leadership changes with the appointment of B Srinivas as Managing Director & CEO and Vinod Aggarwal as Chairman, both effective April 1, 2026. The appointments were disclosed by parent company Eicher Motors under SEBI regulations.
Leadership Transition Details
B Srinivas brings over three decades of experience at Eicher, having managed diverse responsibilities across various business lines in strategy, sales, marketing and operations. Since 2024, he has served as Chief Operating Officer of VECV, and was Head of Product Strategy & Purchasing from 2022 to 2024. From 2018 to 2022, he led the Eicher Bus business at VECV.
| Leadership Changes: | Details |
|---|---|
| New MD & CEO: | B Srinivas |
| New Chairman: | Vinod Aggarwal |
| Effective Date: | April 1, 2026 |
| Term Duration: | 5 years (MD & CEO), 3 years (Chairman) |
| Previous Role - Srinivas: | Chief Operating Officer |
| Previous Role - Aggarwal: | MD & CEO (16 years) |
Board Changes and Succession
Vinod Aggarwal, Vice Chairman of Eicher Motors Limited, transitions from his current role as MD & CEO to Chairman of the Board at VECV as nominee of EML. He will take over from Sofia Frändberg, who completes her three-year term as Chairperson and nominee of AB Volvo, though she will continue serving on the Board.
Rajinder Singh Sachdeva has been nominated to the Board of VECV as EML nominee upon his superannuation as Deputy CEO and Chief Transformation Officer, replacing Raul Rai who steps down as Director after serving since the company's inception.
Management Commentary
Siddhartha Lal, Chairman of Eicher Motors, praised Srinivas's appointment, stating he has worked with him for over twenty-five years and highlighted his "hands-on and inclusive leadership style" and "customer focused approach, technological acumen and collaborative style."
B Srinivas expressed gratitude for the opportunity, noting his "remarkable" 31-year journey with Eicher in various commercial and technical roles. Vinod Aggarwal congratulated Srinivas, emphasizing his "deep understanding of our legacy, versatile experience of the business and strategic vision."
Company Profile
VE Commercial Vehicles operates as a joint venture between Volvo Group and Eicher Motors Limited since July 2008. The company's portfolio includes Eicher branded trucks and buses, Volvo Buses in India, exclusive distribution of Volvo Trucks, and serves as global manufacturing hub for Volvo Group's automotive engines.
Source: Company/INE066A01021/2eb31aa9-5e8d-475a-8806-93511f0c6d3b.pdf
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