VE Commercial Vehicles Ltd (VECV) has appointed B Srinivas as Managing Director and Chief Executive Officer, effective April 1, 2026. Srinivas, who has been associated with Eicher for over three decades, has held several leadership roles spanning strategy, sales, marketing, and operations. Since 2024, he has served as Chief Operating Officer of VECV. Prior to that, he led product strategy and purchasing between 2022 and 2024 and headed the Eicher bus business at VECV from 2018 to 2022.
Following the leadership transition, Vinod Aggarwal, Vice Chairman of Eicher Motors Ltd, will assume the role of Chairman of VECV’s Board from April 1, 2026, as the nominee of Eicher Motors. Aggarwal will step down from his current role as Managing Director and CEO of VECV and will succeed Sofia Frändberg, who completes her three-year tenure as Chairperson and nominee of Volvo Group. Frändberg will continue to serve on the company’s board.
Meanwhile, Rajinder Singh Sachdeva, who recently retired as Deputy Chief Executive Officer and Chief Transformation Officer of VECV, has been nominated to the board as a nominee of Eicher Motors, replacing Raul Rai, who is stepping down as Director. The board also acknowledged Rai’s contributions, noting his role as a director since the company’s inception.
Siddhartha Lal, Chairman of Eicher Motors, welcomed the appointment of Srinivas, stating that it reinforces the company’s long-term strategy and leadership continuity at VECV. Lal noted that he has worked closely with Srinivas for more than 25 years and described him as a thoughtful and decisive leader with a strong customer-centric approach, technological insight, and a collaborative leadership style.
Commenting on Aggarwal’s new role, Lal highlighted his 43-year association with the Eicher Group, including his tenure as Group CFO of Eicher Motors. He added that Aggarwal has led VECV for nearly two decades, during which the company expanded across segments, markets, and business lines while consistently outperforming the industry and strengthening its position in India’s commercial vehicle sector.
Frändberg said the success of VECV reflects the strong partnership between Volvo Group and Eicher since the formation of their joint venture in 2008. She noted that sustained investments in products, capacity, technology, and network development have helped the company grow into a significant player in the commercial vehicle market.
Aggarwal congratulated Srinivas on his appointment, noting that his three decades of experience and deep understanding of the company’s legacy and operations would help accelerate VECV’s growth in the coming years.
Srinivas described his journey with Eicher as remarkable, highlighting his 31-year association with the organisation across both commercial and technical roles. He said he looks forward to leading the next phase of VECV’s growth and thanked the board for its confidence in entrusting him with the responsibility.
