Hyundai Motor Company has signed a Joint Development Agreement with TVS Motor Company to develop and commercialize electric three-wheelers in India.
According to a BSE filing, the partnership aims to bring innovative Electric Three-Wheeler solutions to address India’s last-mile mobility needs. The agreement represents a significant step towards sustainable urban transportation.
The project involves the co-development of electric three-wheelers, combining electric mobility expertise and a deep understanding of customers’ needs.
Hyundai Motor will lead the design and co-develop the E3W, leveraging its research and development expertise and human-centric design approach. The E3W will be engineered to address India’s unique mobility challenges.
Earlier, the company had presented the E3W concept at the Bharat Mobility Global Expo 2025. The partnership formalized following the successful presentation, reinforces both companies’ commitment to sustainable urban transportation.
As part of the agreement, both companies will share engineering expertise, incorporating Hyundai Motor’s human-centric design approach and TVS Motor’s advanced electric three-wheeler platform.
The contract was awarded through a joint development agreement, which will enable the companies to deliver tailored mobility solutions to Indian consumers.
The order adds to the growing demand for electric vehicles in India, with Hyundai Motor and TVS Motor poised to capitalize on this trend. This partnership reinforces Hyundai Motor’s position as a key player in the Indian auto sector.
This partnership is a significant step towards bringing sustainable transportation solutions to India, and it reinforces Hyundai Motor’s commitment to improving the country’s transportation environment.
The company’s collaboration with TVS Motor is a strategic decision that will enable the co-developed E3W to deliver safer and more sustainable transportation for people across the country.
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