Bajaj Auto appoints Pradeep Srivastava as its ED
The Board of Directors at its meeting on 16 March 20016, has appointed Shri Pradeep Shrivastava, aged 56, as a Whole-time Director, with the designation of Executive Director, for a period of 5 years with effect from 1 April 2016.
Pradeep Shrivastava completed B.Tech Mechanical Engineering from IIT Delhi in 1981 and PGDM from IIM Bangalore in 1986.
Pradeep joined Bajaj Auto in 1986 and has had a career panning about 30 years. Starting in the assembly lines & progressing over the time to head Manufacturing, Engineering & Purchasing functions, he is currently Chief Operating Officer of the Company.
Pradeep combines sound engineering skills with astute business sense. In addition to his current responsibilities, Pradeep shall oversee all company-wide operational matters on behalf of the Managing Director Shri Rajiv Bajaj to whom he shall continue to report.
Bajaj Auto is focused on becoming a global leader in Motorcycles and on retaining its World No 1 position in Intra City Commercial (Taxi & Cargo) vehicles. With about half its production being exported, Bajaj Auto is India's export leader in its segments
In domestic market, it leads in the premium segment with Pulsars, while in the entry level, its CT and Platina brands are well entrenched. With Avengers gaining traction and recently launched Bajaj V well positioned in the mid segment, its domestic motorcycle market share is moving up. Its RE has always been the leader in 3 wheelers.
Bajaj has forged a string & successful relationship with Europe's top motorcycle make KTM, in which it holds about 48% of its equity, jointly developing, making and selling sub 400cc KTM Motorcycles.
The Company believes there is a great deal of headroom to grow globally in its chosen focus areas. The combination of Managing Director's strategic focus & Pradeep's operational excellence is expected to realize this huge potential.
Bajaj Auto congratulates Pradeep on this elevation and wishes him the best.