TSUYO Manufacturing has appointed Naveen Kumar Amar, former CFO of SpiceXpress, as Senior Vice President – Finance with effect from April 1, 2026.
This appointment brings an experienced global finance leader with extensive expertise in financial strategy, business transformation and operational excellence. TSUYO said Amar’s leadership will be instrumental in strengthening its financial operations as the company accelerates growth in the electric mobility and powertrain solutions sector.
With a strong background in financial planning, corporate governance and operational efficiency, Amar has over two decades of experience in capital-intensive industries. Before joining TSUYO, he served as the Chief Financial Officer at SpiceExpress, the cargo and logistics arm of SpiceJet, where he played a key role in financial restructuring, cost optimization and business expansion in a highly competitive market.
During his tenure, Amar also led several domestic and international fundraising initiatives in equity and debt instruments. He led digital transformation initiatives, leveraging technology to streamline operations and improve financial and operational efficiency across the organization.
Commenting on his appointment, Naveen Kumar Amar, Senior Vice President – Finance, Tsuyo, said: “I am excited to join Tsuyo at a key moment in its growth journey, as the company grows its manufacturing capabilities and strengthens its position in India’s evolving electric mobility ecosystem. With experience across diverse, capital-intensive sectors, I see immense opportunity in building a financially disciplined, execution-focused organization that can sustain high growth over the long term.” The focus on deep convergence of technology, localization and large-scale manufacturing presents a unique platform to create sustainable value. I look forward to partnering with the leadership team to enable Tsuyo’s ambition to become a globally acclaimed EV powertrain company.
At Tsuyo, Amar will be responsible for leading the financial planning, capital allocation and governance framework as the company continues to grow its manufacturing capabilities and deepen investments in EV powertrain technologies. The appointment comes as a strategic development as Tsuyo accelerates its growth plans, which include investment in advanced manufacturing infrastructure and localization of key EV components, to position itself within India’s evolving electric mobility supply chain.
Tsuyo’s leadership team welcomed Naveen Kumar Amar and said his appointment strengthens his ability to align capital strategy with long-term business objectives.
As part of its ongoing expansion and scale-up journey, Tsuyo has recently received single window clearance approval from the Government of Karnataka for a proposed 20-acre EV powertrain manufacturing and verification complex in the Dharwad-Hubli region.
This upcoming facility will serve as a key hub for design, development, testing and large-scale manufacturing of EV powertrain components, reinforcing Tsuyo’s commitment to strengthening India’s domestic EV ecosystem and reducing dependence on imports.
Last month, the company also announced the launch of next-generation electric motor and powertrain technologies with improved performance and efficiency, giving a big boost to India’s electric light commercial vehicle markets. The new portfolio highlights TSUYO’s emphasis on superior performance, modular product design, intensive engineering and Make-in-India innovation.
