TSUYO Manufacturing has appointed Naveen Kumar Amar, former CFO of SpiceXpress, as Senior Vice President – Finance, effective April 1, 2026.
The appointment brings in a seasoned global finance leader with extensive expertise in financial strategy, business transformation, and operational excellence. TSUYO said Amar’s leadership will be instrumental in strengthening its financial operations as the company accelerates growth in the electric mobility and powertrain solutions space.
Amar brings over two decades of experience across capital-intensive industries, with a strong background in financial planning, corporate governance, and operational efficiency. Prior to joining TSUYO, he served as Chief Financial Officer at SpiceXpress, the cargo and logistics arm of SpiceJet, where he played a key role in financial restructuring, cost optimization, and business expansion in a highly competitive market.
During his tenure, Amar also led multiple domestic and international fundraising initiatives across equity and debt instruments. He further drove digital transformation initiatives, leveraging technology to streamline operations and improve financial and operational efficiencies across the organization.
Commenting on his appointment, Naveen Kumar Amar, Senior Vice President – Finance, Tsuyo, said: “I am excited to join Tsuyo at a crucial moment in its growth journey, as the company scales its manufacturing capabilities and strengthens its position in India’s evolving electric mobility ecosystem. With experience across diverse, capital-intensive sectors, I see immense opportunity in building a financially disciplined, execution-focused organisation that can sustain high growth over the long term. The company’s focus on the convergence of deep technology, localisation, and large-scale manufacturing presents a unique platform for creating enduring value. I look forward to partnering with the leadership team to enable Tsuyo’s ambition of becoming a globally acclaimed EV powertrain company.”
At Tsuyo, Amar will be responsible for leading financial planning, capital allocation, and governance frameworks, as the company continues to scale its manufacturing capabilities and deepen investments in EV powertrain technologies. The appointment comes as a strategic development as Tsuyo accelerates its growth plans, including investments in advanced manufacturing infrastructure and localization of key EV components, positioning itself within India’s evolving electric mobility supply chain.
The leadership team at Tsuyo welcomed Naveen Kumar Amar and expressed that his appointment strengthens their ability to align capital strategy with long-term business objectives.
As part of its ongoing expansion and scale-up journey, Tsuyo recently received Single Window Clearance approval from the Government of Karnataka for its proposed 20-acre EV Powertrain Manufacturing and Validation Campus in the Dharwad–Hubli region.
This upcoming facility will serve as a critical hub for design, development, testing, and large-scale manufacturing of EV powertrain components, reinforcing Tsuyo’s commitment to strengthening India’s domestic EV ecosystem and reducing reliance on imports.
Last month, the company also announced the launch of next-generation electric motor and powertrain technologies with superior performance and efficiency giving a big boost to India’s electric light commercial vehicle markets. The new portfolio highlights TSUYO’s emphasis on superior performance, modular product design, deep engineering, and Make-in-India innovation
