Hyundai Motor and TVS Motor signed a Joint Development Agreement (JDA) today to advance the development and commercialization of electric three-wheeler (E3W) solutions designed to address India's last-mile mobility needs.
The partnership comes after the successful presentation of the E3W concept at the Bharat Mobility Global Expo 2025.
Under the agreement, Hyundai Motor will lead design and co-develop the E3W by leveraging its R&D expertise, advanced mobility technologies and human-centric design approach.
TVS Motor will co-develop the product using its electric platform, three-wheeler engineering expertise and local market knowledge. TVS will also lead local sales, with its manufacturing operations in India catering to Indian market demand and future exports.
