Brands
Matrimony.com CFO Sushanth Pai resigns ; Rajesh Sawhney becomes additional director
MUMBAI: Online matchmaking company Matrimony.com informed the Bombay stock exchange that its CFO has decided to go in for a separation from the firm. Sushant Pai who held the position for the past six years handed in his resignation to its chairman & managing director Murugavel Janakiraman on 8 January. He informed him that he was pursuing opportunities outside Matrimony.com.
The company also announced the appointment of media veteran Rajesh Sawhney as an additional independent director of the company. Sawhney is the founder, CEO of the GSF Accelerator, an investor in early-stage startups across the country. Besides, he sits on the boards of Ixigo, and IndiaMart Intermesh Ltd. He was the founder and chief operating officer of Times Internet, and the founder president of the Anil Ambani owned Reliance Entertainment.
Meanwhile, Matrimony.com is also scheduled to unleash its new television commercial campaign starring film star Anil Kapoor from sometime this month. Kapoor was roped in as the company’s brand ambassador in late 2024. Four films focusing on its BrahminMatrimony, RajputMatrimony, AgarwalMatrimony, and KayasthaMatrimony are to be released in January.
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.
