MAM
Contract appoints Kapil Mishra as ECD
MUMBAI: Contract India has appointed Kapil Mishra as executive creative director.
Mishra will be based in Mumbai.
He will be working with Contract‘s clients across India with specific focus on Mumbai and Delhi. His work will cut across all verticals of Contract, which include Advertising, iContract, Designsutra and Core Consulting.
Mishra last stint was with Law & Kenneth.
“I am delighted to have someone of Kapil‘s calibre join Contract‘s senior leadership team. A dynamic resource with excellent creative capabilities, Kapil has worked on some of the finest brands and created outstanding work. I am certain he will add great value to Contract and our clients”, says Contract Advertising COO Rana Barua.
On his new role, Mishra says “Contract has built its reputation on great work and I am honoured to now be a part of the success story. I look forward to working with Rana again and create impactful advertising.”
Mishra has earlier also worked with Ogilvy and Leo Burnett. He has handled clients like ITC personal care, Heinz – Ketchup, Glucon- D, Dabur, Cadbury Dairy Milk and Godrej.
Brands
Hyundai and TVS Motor partner to develop electric three wheelers
Joint development pact targets last mile mobility with localisation push
MUMBAI: Three wheels, one big ambition and a charge towards the future. Hyundai Motor Company and TVS Motor Company have signed a joint development agreement to co-create electric three-wheelers (E3Ws), aiming to crack India’s complex last-mile mobility puzzle. The collaboration moves beyond concept talk into execution mode, building on the E3W prototype first showcased at the Bharat Mobility Global Expo 2025. The goal now is clear, design, develop and commercialise a purpose-built vehicle tailored to Indian roads, riders and realities.
Under the agreement, Hyundai will lead design and co-development, bringing its global R&D muscle and human-centric engineering approach to the table. TVS Motor, meanwhile, will anchor the product on its electric platform, leveraging deep three-wheeler expertise and local market insight. It will also handle manufacturing and sales in India, with an eye on exports down the line.
The timing is strategic. India remains the world’s largest three-wheeler market, where affordability, durability and adaptability often outweigh sheer innovation. The upcoming E3W aims to strike that balance combining advanced technology with practical features such as adaptive ground clearance for monsoon-hit roads, improved thermal management for tropical climates, and flexible interiors suited for passengers, cargo or emergency use.
A key pillar of the partnership is localisation. Major components will be sourced and manufactured within India, a move expected to strengthen the domestic supply chain, create jobs, lower costs and improve after-sales support.
The shift from prototype to production will involve rigorous testing, certification and refinement to meet regulatory standards and consumer expectations. Dedicated cross-functional teams from both companies are already in place to accelerate timelines.
At a broader level, the tie-up reflects a growing trend in mobility, global players partnering with local specialists to navigate emerging markets. For Hyundai and TVS, the bet is that combining scale with street-level insight could unlock a new chapter in sustainable urban transport, one that runs not just on electricity, but on relevance.
