Brands
Hyundai revs up Aura lineup with wallet-friendly S AMT variant
MUMBAI: Hyundai Motor India Ltd (HMIL) is shifting gears on accessibility, adding a fresh variant to its popular sedan range — the Hyundai Aura S AMT. With this move, the brand brings its advanced automated manual transmission (AMT) to a broader swathe of young Indian buyers hungry for style, convenience, and comfort, without breaking the bank.
Commenting on the introduction of the new variant, Hyundai Motor India Ltd whole-time director and chief operating officer, Tarun Garg said, “At HMIL, we are committed to making smart mobility accessible to a wider set of customers. The introduction of advanced AMT transmission in Hyundai Aura S AMT reflects our continuous efforts to democratize technology and enhance convenience for customers. With this introduction, we aim to redefine the value proposition in the entry segment by offering superior comfort, safety, performance and convenience at an affordable price.”
Powered by the punchy 1.2-litre Kappa petrol engine, the new S AMT variant is tailor-made for urban drivers seeking a smoother commute without the price tag of a full-blown automatic.
The S AMT packs a solid safety and feature punch, including:
● Electronic Stability Control (ESC)
● Hill Start Assist Control (HAC)
● Six airbags
● LED daytime running lamps (DRLs)
● Tyre Pressure Monitoring System (Highline)
● Electrically folding ORVMs with integrated turn indicators
With its slick combo of practicality and premium touches, Hyundai’s latest launch is a clear play to seduce value-driven sedan buyers looking to swap gear-grinding for easy cruising.
The Aura S AMT joins a line-up that continues to grow on Indian roads, now with a little more automation and a lot more allure.
Brands
Ujjwal Jain steps down from PhonePe’s Share.Market to start new chapter
Founder behind WealthDesk and OpenQ exits after decade-long fintech journey
BENGALURU: Ujjwal Jain, the entrepreneur behind platforms such as WealthDesk and OpenQ, has stepped down from his role as chief executive of Share.Market, the investing platform backed by PhonePe, marking the end of a decade-long journey in India’s capital markets space.
In a reflective note, Jain described his journey from launching WealthDesk in 2016 to building a broader ecosystem that eventually became part of PhonePe. Over the years, his ventures focused on bringing data-driven investing tools and model portfolios closer to retail investors, a space that has seen rapid evolution alongside the rise of discount broking.
WealthDesk introduced curated “WealthBaskets” to simplify portfolio investing, while OpenQ expanded access to quantitative research and analytics. Both platforms were later acquired by PhonePe, forming the backbone of Share.Market, which Jain helped scale as a mass-market investing product.
Calling the experience “brutal” yet deeply fulfilling, Jain credited colleagues, investors and industry partners for shaping the journey, highlighting the role of the PhonePe team in building Share.Market into a large-scale platform.
His exit comes at a time when artificial intelligence is beginning to reshape financial services globally. Jain indicated that his next move will focus on this shift, hinting at a renewed push into the intersection of AI and capital markets.
Prior to his entrepreneurial stint, Jain worked with MSCI Inc. on index products and technology, and with D. E. Shaw India Financial Services in algorithmic trading and high-frequency systems.
While he has not disclosed specifics of his next venture, Jain framed the move not as a departure but a reset, signalling that his next chapter will aim to tackle even larger challenges in India’s evolving investment landscape.
With one chapter closed and another underway, the focus now shifts to what Jain builds next in an increasingly AI-first financial world.
