Greaves Cotton Ropes In Parag Satpute As Managing Director And Group CEO

Satpute joins Greaves Cotton from Bridgestone Mobility Solutions, where he served as the President of their Fleet Business. Prior to this role he was the Managing Director of Bridgestone India, leading the business transformation for the organisation. Before Bridgestone, he was at Sandvik stretching over two decades where he grew to the role of Managing Director and Chairman of the Board (Subsidiaries) for India. Satpute holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.

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Commenting on his new role, Parag Satpute, Managing Director & Group CEO, Greaves Cotton Limited, said, "I am excited to join Greaves Cotton Limited at this pivotal moment in its journey. The company’s’ demonstrated legacy in empowering lives through sustainable and accessible solutions resonates strongly with me. I look forward to working closely with the team to advance this vision and drive strategic business outcomes.

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Basis Dr. Arup Basu’s resignation as a Managing Director of the Company, his employment contract will come to an end on the close of business hours of May 9, 2025.

The appointment comes on the back of Ampere, the electric two-wheeler brand under Greaves Electric Mobility Limited (GEML), the electric mobility arm of Greaves Cotton Limited (GCL), recently announced the launch of the Ampere Reo 80 at an introductory price of Rs 59,900.