A little less than three months after he quit the company, Nagesh Basavanhalli is to resume executive duties as the Group CEO of Greaves Cotton, with immediate effect. Basavanhalli will play an active role in the future growth of overall business (Greaves Cotton and Greaves Mobility) and other strategic initiatives like Greaves Finance.
Speaking on his new role, Nagesh Basavanhalli, Group CEO and MD, said, “As a diversified engineering company, Greaves Cotton has the opportunity to play a significant role in the rebuilding of India’s economy with its strength in local manufacturing, as we have a play in critical sectors like last-mile mobility, energy and agriculture. We also want to be a significant contributor to the vision of Make in India, and the country’s transition to a green economy with our clean technology portfolio.”
“Nagesh has played a pivotal role in the transition of Greaves with new strategic focus towards fuel agnostic technologies and e-mobility. We are confident Greaves will achieve many milestones under his new role as the Group CEO,” said Karan Thapar, Chairman, Greaves Cotton