New Delhi: Škoda Auto Volkswagen India Private Limited (SAVWIPL) has appointed seasoned finance leader Nitin Selot as its new Executive Director – Finance, IT and Legal Affairs, effective February 19, 2026. With the additional responsibility of Chief Financial Officer, Selot will steer the financial strategy, IT transformation, and governance framework for the Group’s India operations — essentially becoming the man holding the calculator, the compliance book, and probably the Wi-Fi password too.
The appointment comes at a critical juncture for SAVWIPL, which oversees six premium automotive brands in India — Škoda, Volkswagen, Audi, Bentley, Lamborghini, and Porsche — and runs major manufacturing facilities in Pune and Chhatrapati Sambhajinagar. As the Group doubles down on localisation, efficiency, and future-ready processes, strong financial leadership is seen as key to keeping both the spreadsheets and the production lines running smoothly.
Holger Peters, Board Member for Finance, IT and Legal Affairs at Škoda Auto a.s., described India as the company’s most important market outside Europe and said Selot’s appointment strengthens the Group’s focus on governance, resilience, and long-term growth. Peters noted that Selot’s cross-industry experience and track record in leading financial and IT transformations would help reinforce operational discipline while supporting innovation across the brand portfolio.
Welcoming the appointment, SAVWIPL Managing Director and CEO Piyush Arora said the company is entering a new transformation phase powered by the combined momentum of its six brands. He emphasised that sharper investment discipline, stronger productivity, and agile IT systems will be crucial for sustaining growth, adding that Selot’s experience across industries and geographies makes him well suited to help future-proof the organisation.
Selot brings 35 years of leadership experience spanning strategic financial planning, regulatory governance, and end-to-end financial management. Before joining SAVWIPL, he held senior leadership roles at JCB India, Compass Group India, Shell, and Mars Wrigley, gaining exposure across manufacturing, services, and global corporate environments.
Academically, Selot holds an A.C.M.A. qualification from the Institute of Cost & Management Accountants of India, an MBA in Finance from IMT Ghaziabad, and an ACS from the Institute of Company Secretaries of India, combining accounting precision with corporate governance expertise.
For India’s automotive market — which you often cover closely on NamasteCar — the move signals that global OEMs are tightening financial discipline while preparing for the next growth cycle involving EV investments, localisation pushes, and digital transformation. Because in today’s auto industry, horsepower matters… but cash-flow power matters just as much.
