MAM
Enrich onboards beauty industry veteran Vivek Bali as CEO
NEW DELHI: Enrich Salon has appointed Vivek Bali of Sephora-fame as its CEO. The beauty industry leader has been brought on board to transform and scale up the business.
Enrich founder Vikram Bhatt said, “We are elated to have Mr Bali join us. In the last two decades, Enrich has pioneered different concepts in the Indian salon industry and created many benchmarks. Given his experience and expertise in the industry, Mr Bali will bring in a fresh perspective to the table and lead our growth plans.”
WestBridge Capital MD Sandeep Singhal said, “We are excited to have Vivek on-board to lead the next phase of growth at Enrich. He brings in rich industry experience and we are confident that his leadership will help significantly strengthen the company and take the business to newer heights.”
Prior to joining Enrich, Bali was the CEO of Sephora India, the global leader in the beauty retail industry. With nearly three decades of experience, he has both global and local experience as a marketing and sales strategist. His professional journey entails brand building, business development and retail experience In India, eastern Europe (CIS), Canada, Middle East and North Africa. Prior to his position at Sephora, Bali has worked in leadership roles at Lakme, Avon, Reliance Retail Ltd, Landmark Group UAE, to name a few.
“I am very excited to join and lead the Enrich team. Enrich has built a very strong brand in beauty services and I am excited to build on the legacy to create a one-stop beauty destination for our customers. In the last six years, India has witnessed a huge growth in demand for all things beauty and we expect it to continue in the years to come – we look forward to serving this market by bringing an immersive experience for beauty enthusiasts,” said Bali.
Currently with 85 outlets and 2,000 team members, Enrich serves more than 1.8 million customers per year. With the backing of WestBridge Capital, Enrich now aims to significantly expand the store footprint and scale up rapidly over the next three to five years.
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.
