Strengthens financial leadership amid scale-up of EV powertrain manufacturing and deeptech capabilities
EV powertrain manufacturer TSUYO Manufacturing Pvt Ltd has appointed Naveen Kumar Amar as Senior Vice President- Finance, effective April 1, 2026.
Amar brings over two decades of experience in financial strategy, corporate governance, and operational efficiency across capital-intensive sectors. Prior to joining Tsuyo, he served as Chief Financial Officer at SpiceXpress, the logistics arm of SpiceJet, where he led financial restructuring, cost optimisation, and supported business expansion in a competitive operating environment.
He has led both domestic and international fundraising initiatives across equity and debt instruments, and has driven digitisation programmes aimed at improving operational efficiency.
Commenting on his appointment, Amar said, “I am excited to join Tsuyo at a crucial stage in its growth journey as it scales manufacturing and strengthens its role in India’s electric mobility ecosystem. I look forward to contributing towards building a financially disciplined organisation capable of sustaining long-term growth.”
At Tsuyo, Amar will lead financial planning, capital allocation, and governance frameworks as the company expands its manufacturing footprint and continues to invest in EV powertrain technologies. His appointment aligns with Tsuyo’s broader efforts to strengthen financial strategy alongside operational scale-up.
The company’s leadership team noted that Amar’s experience will support closer alignment between capital strategy and long-term business objectives.
As part of its expansion plans, Tsuyo recently received Single Window Clearance approval from the Government of Karnataka for a proposed 20-acre EV powertrain manufacturing and validation campus in the Dharwad–Hubli region.
The facility is expected to serve as a hub for design, development, testing, and large-scale manufacturing of EV powertrain components, supporting localisation efforts and reducing import dependency.
Additionally, the company recently introduced a new portfolio of electric motor and powertrain technologies aimed at improving performance and efficiency in India’s electric light commercial vehicle segment. The development reflects Tsuyo’s focus on modular design, engineering capability, and domestic manufacturing.
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