Profile: Harshavardhan Chitale
· Appointment: Announced as CEO of hero MotoCorp, effective January 5, 2026.
· Predecessor: Takes over from Vikram Kasbekar, who was acting CEO after Niranjan Gupta’s resignation. Kasbekar will continue as Executive director & CTO.
Professional Background
· Experience: Over 30 years of global leadership in B2B and B2C sectors, specializing in:
o Industrial automation
o Lighting solutions
o IT services
o wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital transformation
· Recent Role: Global CEO of Signify’s Professional Business (~$4 billion), managing 12,000 employees across 70 countries, overseeing manufacturing, supply chain, product development, and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital initiatives.
· Previous Roles:
o Vice Chairman & Managing director, Philips Lighting India – led the company’s spin-off into a standalone public entity and strengthened market leadership.
o Senior leadership positions at HCL Infosystems and Honeywell Automation India, driving growth and shareholder value.
Education & Recognition
· Alma Mater: IIT Delhi
· Award: Director’s gold Medal
· Entrepreneurial Interests: Angel investor in electric vehicles, clean energy, health-tech, and agri-tech startups.
Vision at hero MotoCorp
· Accelerate the company’s electric mobility and new mobility solutions initiatives.
· Drive hero MotoCorp through its next phase of growth, expanding beyond traditional combustion-powered two-wheelers.
Market Reaction
· Following the announcement, hero MotoCorp shares rose over 1.5% on the NSE, reflecting investor optimism about the leadership change.
Harshavardhan Chitale’s appointment signals hero MotoCorp’s strategic push into electrification and innovation, leveraging his extensive global experience and tech-driven leadership.
Disclaimer:
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