On 21st April 2025, Mahindra & Mahindra Ltd. made a significant announcement regarding a shift in its senior management. Hemant Sikka, the current President of the Farm Equipment Sector (FES), has decided to resign from his position, effective from 4th May 2025, to transition into a new role within the Mahindra Group. This move is part of a broader restructuring within the group to ensure that top leadership positions are filled with internal talent, as outlined in the recent press release.

Leadership Changes:

The resignation of Hemant Sikka from the Farm Equipment Sector is a key development for Mahindra & Mahindra Ltd., especially considering his pivotal role in driving the company’s farm equipment segment forward. Hemant’s transition to a new leadership role within the Mahindra Group reflects the company's focus on leveraging experienced leaders to further the growth of different business units under the Mahindra umbrella.

In a strategic move to maintain continuity and focus on growth within key sectors, Veejay Nakra, the current President of the Automotive Division, has been appointed as the President of the Farm Equipment Business. Veejay Nakra has been a significant force within Mahindra & Mahindra, particularly credited with turning around the Automotive Business. His experience in overseeing the automotive division’s successful product launches and manufacturing capabilities will now be redirected toward expanding the Farm Equipment Business, which remains one of Mahindra's most profitable sectors with a Return on Capital Employed (ROCE) of over 60%.

Further, R Velusamy, the current President of Automotive Technology and Product Development, will be taking over as the President of the Automotive Business. His new role will encompass end-to-end responsibility for all functions within the automotive division, including product development, engineering, and P&L delivery. This decision was made to integrate the SUV and LCV (Light Commercial Vehicles) sectors under one unified leadership to enhance agility and collaboration across different teams and geographies.

Role of Hemant Sikka in Mahindra Logistics:

A notable part of this transition is the appointment of Hemant Sikka as the MD & CEO of Mahindra Logistics (MLL), a role approved by the MLL Board. This move comes as Ram Swaminathan, the current CEO, steps down to pursue other professional interests. Hemant's leadership at MLL is expected to play a crucial role in harnessing the company’s potential for growth and value creation within the logistics sector. His proven track record and experience in leading large teams across the Mahindra Group will be pivotal in enhancing the strategic direction of Mahindra Logistics.

Mahindra Group’s Commitment to Internal Talent Development:

These changes highlight the Mahindra Group’s commitment to nurturing internal talent and ensuring that its leadership pool is strong, capable, and agile enough to take on the company’s future challenges. Dr. Anish Shah, Group CEO & Managing Director of Mahindra & Mahindra Ltd., expressed his confidence in the new leadership appointments, stating that they would significantly contribute to driving growth and creating greater value for customers and shareholders.

About Mahindra Group:

Founded in 1945, the Mahindra Group is a leading multinational conglomerate with diverse operations across farm equipment, utility vehicles, information technology, and financial services. It is the world’s largest tractor company by volume, and its business operations span across renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group’s commitment to leading ESG globally and enabling rural prosperity remains at the core of its business strategy.

With a workforce of over 260,000 employees across 100 countries, Mahindra continues to focus on driving positive change in the lives of its communities and stakeholders, ensuring that everyone has the opportunity to Rise.

The full press release, along with further details about the leadership changes, can be found on the Mahindra Group’s official website.

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