Vinod Sahay to head MTBL
Vinod Sahay, Chief Executive Officer - Two Wheeler Business, Mahindra and Mahindra, and Director Peugeot Scooters, will head Mahindra Trucks and Buses Ltd. (MTBL) as its new Chief Executive Officer (CEO). He takes over from the current CEO, Nalin Mehta. Sahay is expected to work in tandem with Nalin Mehta for a few months before he takes complete charge under his new role as the CEO. Sahay joined Mahindra in 2015, and is said to have played a key role in MTBL holding onto the market share in Medium and Heavy Commercial Vehicles (M&HCVs). Sahay will be succeeded at Mahindra Two Wheelers by Prakash Wakankar, currently the CEO of Mahindra Retail. Harish Chavan, who led the farm business division at Mahindra Farm Equipment Sector, will take over as the Chief Operating Officer (COO) - International Operations. Pankaj Sonalkar, Head - Mahindra Vehicle Manufacturers, will succeed Chavan. Vinod Sahay will report to Rajan Wadhera, President - Automotive Sector & Member of the Group Executive Board, Mahindra, according to a source. Chavan and Sonalkar will report to Rajesh Jejurikar, President, Farm Equipment Sector.