Škoda Auto Volkswagen India Private Limited (SAVWIPL) has announced the appointment of Nitin Selot as Chief Financial Officer and Board Member, effective 19 February 2026.
In this role, Selot will oversee the Group’s financial strategy, IT transformation, and legal affairs in India. As Chief Financial Officer (CFO) of SAVWIPL, he will be responsible for the financial steering of the Group’s India operations. His appointment comes at a significant juncture as the Group continues to redefine processes and strengthen the operational foundation of its India business.
SAVWIPL manages the India operations of six brands – Škoda, Volkswagen, Audi, Bentley, Lamborghini, and Porsche – and operates manufacturing facilities in Pune and Chhatrapati Sambhajinagar.
Holger Peters, Board Member for Finance, IT and Legal Affairs, Škoda Auto a.s., said, “We welcome Nitin Selot to Škoda Auto Volkswagen India at a pivotal moment where India is the most important market for Škoda Auto a.s. outside Europe. His appointment comes at a crucial time as we continue to strengthen our financial discipline, enhance governance, and build resilience across our operations in India. Nitin’s vast experience across multiple industries and his proven ability to lead complex financial and IT transformations will be invaluable as we align our long term strategy with the evolving needs of the Indian market. I am confident that his leadership will reinforce our financial foundation, support innovation, and drive sustainable growth for all our brands in India.”
Piyush Arora, Managing Director and CEO, Škoda Auto Volkswagen India Private Limited, said, “I am pleased to welcome Nitin Selot as Škoda Auto Volkswagen India enters an exciting new chapter of transformation driven by the collective momentum of our six aspiration brands. We continue to redefine our processes, improving productivity, and advancing our local-for-local approach, strengthening the foundation of our India operations. Looking ahead, the robustness of our financial strategy and the agility of our IT systems will be central to sustaining this progress. With his extensive experience across industries and geographies, Nitin Selot is well placed to further sharpen our investment approach, driving efficiency, and ensuring that SAVWIPL is future ready.”
Selot brings 35 years of leadership experience across multiple industries, with expertise spanning strategic financial planning, regulatory governance, and end-to-end financial management. Prior to joining SAVWIPL, he held senior leadership roles at JCB India, Compass Group India, Shell, and Mars Wrigley.
He holds qualifications in finance, accounting, and corporate governance, including an A.C.M.A. from the Institute of Cost & Management Accountants of India, an MBA in Finance from the Institute of Management Technology, Ghaziabad, and an ACS from the Institute of Company Secretaries of India.
