Mumbai, April 15 -- Parag succeeds Arup Basu, who resigned from the position of managing director of the company and whose employment contract will come to an end at the close of business hours on 9 May 2025, it added.

In his new role, Satpute will oversee the strategy and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage, the company said.

Satpute, who has nearly 3 decades of experience in the mobility and manufacturing sectors, joins the company from Bridgestone Mobility Solutions, where he served as the president of their fleet business, besides earlier serving in the position of the managing director of Bridgestone India.

Satpute holds a mechanical engineering degree from Pune Universi...