Saraswat, who was earlier vice president at Bajaj Auto, will fill in the vacancy following retirement of T Venkataraman in October 2017, the company said in a statement.
He has nearly 30 years of experience spanning across manufacturing, sales, service, network development and marketing.
"Saraswat will lead the Global Buses business unit and will report to (company) Managing Director Vinod Dasari," it added.
A mechanical engineer from IIT Delhi, he will be designated as Senior Vice President and Head of Global Buses.
Saraswat joins Ashok Leyland from Bajaj Auto where he was vice president for sales operations and was leading multiple functions of sales planning, field service, service planning, network development, logistics, and special projects.
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