Discover the top business headlines that are trending across the world today!
Noel Tata has joined the board of Tata Sons, marking a significant change within the Tata Group. This appointment, finalized through a virtual board meeting on Diwali eve, follows his recent appointment as chairman of Tata Trusts, the entity holding a 66% stake in Tata Sons. With this role, Noel becomes the first family member since 2011 to serve simultaneously on the boards of both Tata Trusts and Tata Sons, symbolizing strengthened family involvement in the conglomerate’s governance. The Tata Sons board, now with nine directors, includes a mix of executive, non-executive, and independent members. Among those nominated by Tata Trusts are Venu Srinivasan, chairman emeritus of TVS, and former defence official Vijay Singh, as well as industrialist Mehli Mistry. This executive committee plays a crucial role in guiding Tata Trusts’ influence on Tata Sons' strategic direction.
Suzuki Motor Corporation has introduced its first mass-produced battery electric vehicle (BEV), the e-Vitara, in Milan, Italy. Production is set to start in spring 2025 at Suzuki Motor Gujarat in India, with anticipated launches in Europe, India, and Japan by summer 2025.
The e-Vitara builds on the "eVX" concept, previously showcased at India’s Auto Expo in January 2023 and at the Japan Mobility Show. Marking Suzuki's first globally strategic BEV, the e-Vitara is designed as an "Emotional Versatile Cruiser." It combines advanced technology with SUV durability, featuring an electric 4WD “ALLGRIP-e” system for enhanced off-road capability and performance. Built on the “HEARTECT-e” platform specifically for BEVs, its “High-Tech & Adventure” theme is evident in the vehicle's large tires, extended wheelbase, and high-tech interior, including an integrated display and rugged controls, creating a balanced fusion of adventure and innovation.
Royal Enfield has introduced its Flying Flea brand, inspired by its iconic 1940s motorcycle, marking its debut in the electric vehicle market. Set for release in 2026, the fully electric Flying Flea C-6 aims to provide an agile, stylish, and accessible solution for urban mobility.
Siddhartha Lal, Managing Director of Eicher Motors Ltd., highlighted Royal Enfield's enduring commitment to “pure motorcycling” throughout its 123-year journey. "Today, as we embark on this new chapter, our mission remains our guiding force and inspiration, bridging our legacy with the Flying Flea, our latest venture in urban mobility,” he said.
The FF-C6, slated to be the first model under the Flying Flea brand, emphasizes a retro-futuristic aesthetic with advanced, seamless technology. The company has filed 28 patents over the past six months to support its development, reinforcing its dedication to integrating Royal Enfield's legacy with modern EV advancements.
In a boost for Indian travelers, Thailand has indefinitely extended its visa-free entry policy for Indian nationals. Previously set to end on November 11, 2024, the policy now allows Indian visitors to stay in Thailand visa-free for up to 60 days, with an additional 30-day extension option available through local immigration offices. The Tourism Authority of Thailand (TAT) confirmed this decision, emphasizing the country's commitment to promoting tourism from India. This policy simplifies travel, inviting Indians to experience Thailand's diverse cultural and natural attractions. Bangkok, with its iconic landmarks like the Grand Palace and Wat Arun, offers a vibrant city experience, while the serene temples and scenic mountains of Chiang Mai cater to those seeking tranquility.
