New Delhi, Delhi, India, April 2026 – VE Commercial Vehicles Ltd. (VECV) has announced that Vinod Aggarwal has stepped into the role of Chairman of the Board, transitioning from his position as Managing Director & CEO. As part of this leadership transition, he has passed on the role of MD & CEO to B Srinivas, who earlier served as Chief Operating Officer of the company.
Marking a distinguished career spanning over four decades with the Eicher Group, including sixteen years leading VECV as MD & CEO, Vinod Aggarwal reflected on the organization’s strong growth journey and transformation into a future-ready enterprise. Under his leadership, VECV achieved market leadership in LMD trucks, strengthened its position in buses across Eicher and Volvo brands, and expanded its footprint across segments including HD trucks and small commercial vehicles.
From a turnover of approximately ₹2,000 crore at the inception of VECV in 2008, the company has grown to around ₹26,000 crore, alongside achieving a major milestone of crossing 100,000 units in annual truck and bus sales. As he transitions into his new role as Chairman and continues as Vice Chairman of Eicher Motors Ltd., he expressed gratitude to colleagues, partners, and stakeholders for their contributions to the company’s success.
Vinod Aggarwal has had a remarkable career with VE Commercial Vehicles Ltd., where he served as Managing Director & CEO for nearly a decade, leading the company through a period of sustained growth, market expansion, and operational excellence. Prior to this, he held the role of Chief Executive Officer, with overall responsibility for running the company and driving its strategic direction.
Earlier, he served as CFO and President – Eicher Trucks and Buses, where he played a pivotal role in shaping the joint venture with Volvo Group and strengthening the company’s financial and operational foundations. He also served as Chief Financial Officer of the Eicher Group, contributing to strategic financial planning and business transformation.
His long-standing association with the Eicher Group spans over 27 years, during which he held several key leadership roles including Group CFO, Director – Eicher Engines, Director and Group Head (Finance), and General Manager (Finance & Strategic Planning), building deep expertise in finance, strategy, and business leadership.
Beyond corporate roles, he has also contributed significantly to the industry, serving as President of Society of Indian Automobile Manufacturers (SIAM) and President of Automotive Skills Development Council of India, driving industry development and skill-building initiatives.
About VE Commercial Vehicles Ltd. (VECV)
VE Commercial Vehicles Ltd. (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited, operating as a multi-brand and multi-division commercial vehicle company. Established in 2008, VECV offers a comprehensive range of Eicher Trucks and Buses, Volvo Buses, and Volvo Trucks distribution in India.
With nine manufacturing facilities and over 990 dealership touchpoints, VECV exports to more than 40 countries and plays a key role in advancing commercial transportation in India and emerging markets. The company continues to focus on innovation, sustainability, and delivering high-performance mobility solutions.
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