TVS Motor, Hyundai Motor Sign Pact To Develop Electric Three-Wheelers In India
KUALA LUMPUR, April 21 (Bernama) -- TVS Motor Company Ltd (TVS Motor) has signed a Joint Development Agreement with Hyundai Motor Company (Hyundai Motor) to develop and commercialise electric three-wheelers (E3W) for India’s last-mile mobility segment.
The partnership follows the unveiling of an E3W concept at the Bharat Mobility Global Expo 2025 and underscores both companies’ push into sustainable urban transportation.
TVS Motor President of Group Strategy, Sharad Mishra said the agreement marked a key step in expanding the companies’ collaboration on electric mobility solutions.
“By bringing together complementary strengths, including our E3W platform, engineering expertise, and deep understanding of customer needs, we are well-positioned to deliver purpose-built products for India and additional markets,” said Mishra in a statement.
Meanwhile, Hyundai Motor Senior Vice President of Corporate Strategy & Planning, Joongsun Ko said the partnership aims to improve access to safer and more sustainable transport for people across India.
Under the agreement, Hyundai Motor will lead design and co-development of the vehicles, leveraging its research and development capabilities, advanced mobility technologies and human-centric design approach.
TVS Motor will contribute its electric vehicle platform, three-wheeler engineering expertise and local market knowledge, while leading manufacturing and sales in India, including potential exports.
-- BERNAMA