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Saloni Kochhar elevated to managing director at Goldman Sachs
BENGALURU: Goldman Sachs has promoted Saloni Kochhar to managing director, marking a significant milestone in a nearly two-decade career spanning global banking and financial technology roles. The appointment comes as the Wall Street firm continues to strengthen its technology and digitisation leadership in India.
Based in Bengaluru, Kochhar leads digitisation and workflow technology for Goldman Sachs in India. Her elevation follows a three-year stint as vice-president, during which she oversaw large-scale technology programmes focused on automation, efficiency and platform modernisation.
Kochhar brings more than 18 years of experience across banking and financial services technology. Before returning to Goldman Sachs in 2013, she served as executive director at JPMorgan Chase & Co between 2019 and 2022. Her earlier tenure at Goldman Sachs included roles ranging from analyst developer and senior analyst to vice-president and senior engineer.
Over the years, she has held positions as tech lead, architect and engineering manager, working across Java, J2EE, Spring, SQL and MongoDB stacks, while also steering transformation programmes in unfamiliar technologies. Colleagues describe her as a leader comfortable navigating complexity, scale and constant change.
In a statement, Kochhar credited mentors, colleagues and teams for shaping her journey, and said she looked forward to delivering for clients while contributing to the firm’s long-term ambitions.
The promotion underscores Goldman Sachs’ continued bet on India as a critical hub for technology-led innovation. For Kochhar, it is both recognition and runway — a bigger mandate, a broader canvas, and a signal that the firm wants builders, not just bankers, shaping its future.
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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.
