Hyundai Motor, TVS Motor Partner for Electric Three-Wheelers in India
Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) to develop and commercialize electric three-wheelers (E3Ws) for the Indian market and beyond. This partnership, formalized after the E3W concept's presentation at Bharat Mobility Global Expo 2025, aims to provide tailored mobility solutions and promote sustainable urban transportation. Hyundai Motor will lead the design and co-development, leveraging its R&D and human-centric design approach, while TVS Motor will utilize its electric platform, engineering expertise, and local market knowledge. TVS Motor will also handle local sales and manufacturing. The collaboration emphasizes local component manufacturing to strengthen India's automotive supply chain and reduce costs.
Key Highlights
- Hyundai Motor and TVS Motor sign Joint Development Agreement for E3Ws.
- Partnership aims to commercialize electric three-wheelers in India.
- Hyundai leads design; TVS Motor handles engineering and local sales.
- Focus on sustainable mobility and local component manufacturing.
- First vehicle targeted for India, the largest three-wheeler market.