Volvo Eicher Commercial Vehicles Ltd. (VECV) announced changes in its senior leadership. The company said B Srinivas will take over as Managing Director and Chief Executive Officer from April 1, 2026. Srinivas will replace Vinod Aggarwal, who will transition to the role of Chairman of the Board.


B Srinivas to Lead as MD and CEO

B Srinivas has worked with the Eicher group for more than three decades in roles related to strategy, sales, marketing and operations.

He has been serving as Chief Operating Officer of VECV since 2024. Before that, he was Head of Product Strategy and Purchasing between 2022 and 2024. From 2018 to 2022, he led the Eicher bus business at VECV. With the new appointment, Srinivas will oversee the company’s operations and business activities.


Speaking on the leadership transition at VECV, Siddhartha Lal, Chairman, Eicher Motors Ltd. (EML) said, “I am delighted with the appointment of B Srinivas as the new Managing Director and CEO of VECV. It strengthens our well calibrated, long-term strategy and continuity at VECV. I have personally worked with Srinivas for over twenty-five years and seen his hands-on and inclusive leadership style. He is a thoughtful and courageous leader, and is willing to make changes and strategic shifts towards achieving the company’s long- term goals. I believe the company will benefit tremendously from his leadership - combining his customer focused approach, technological acumen and collaborative style. I wish him the best in his new role and look forward to working with him.”


Vinod Aggarwal Appointed Chairman

Following the change in leadership, Vinod Aggarwal, currently Vice Chairman of Eicher Motors Limited, will become Chairman of the Board of VECV from April 1, 2026. Aggarwal has led VECV as Managing Director and CEO for sixteen years. He will take over the Chairman position from Sofia Frändberg, who has completed her three-year term as Chairperson and nominee of AB Volvo. Frändberg will continue to serve on the company’s board.


Board Changes at VECV

Rajinder Singh Sachdeva, who retired as Deputy CEO and Chief Transformation Officer of VECV, has been nominated to the company’s board as a nominee of Eicher Motors Limited. He replaces Raul Rai, who will step down as Director of VECV after serving on the board since the company was established.


“Vinod Aggarwal has been a veteran with forty-three years of outstanding service at Eicher Group, including Group CFO of Eicher Motors. He has been running VECV for close to two decades as the CEO and later also as its Managing Director. Under his leadership, VECV has built very strong foundations and has had tremendous development in all fronts - outgrowing the industry comprehensively, expanding into new segments, business lines, and markets; thereby cementing its position as a leading player and disrupter in the commercial vehicle industry in India. I congratulate Vinod on his new position as Chairman, where he will continue to guide VECV’s journey and growth”, Siddhartha Lal added.


Reflecting on VECV’s growth and congratulating the new leadership, Sofia Frandberg, Chairperson, VECV and Senior Leader Volvo Group said, “VECV is testament to a very successful partnership between the Volvo Group and Eicher where two industry leaders have built on each other’s strengths. Since the formation of the Joint Venture in 2008, the company has been implementing a strong growth strategy, strategically investing in products, capacity, technology and network, resulting in its becoming a strong player in the commercial vehicle market. My best wishes to both Srinivas and Vinod as they step into their new roles. I look forward to supporting our collective efforts to drive the company’s next chapter of growth.”


Transitioning to his new role as the Chairman of VECV, Vinod Aggarwal said, “My heartiest congratulations to Srinivas as he steps into the role of Managing Director & CEO of VECV. With over three decades of experience, he brings along a deep understanding of our legacy, versatile experience of the business and a strategic vision to scale new heights. I am confident he will accelerate our growth trajectory. I wish him great success and look forward to working with him as I transition into my new role as the Chairman of the company.”


Newly appointed as the Managing Director & CEO of VE Commercial Vehicles Ltd., B Srinivas said, “My journey with Eicher has been truly remarkable. Having spent thirty-one years here in various capacities both in commercial and technical roles including the last two years as the Chief Operating Officer of VECV, I am looking forward to embarking on this next phase. I would like to thank the Board of VE Commercial Vehicles Ltd. for this opportunity, and entrusting me to drive our growth trajectory alongside my team.”