Hyundai Motor and TVS Motor Formalize Partnership to Develop Electric Three-Wheeler for India
Hyundai Motor and TVS Motor signed a joint development agreement to commercialize an electric three-wheeler designed for India's last-mile mobility.
2026
2025
What Happened
Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) to advance the development and commercialization of an Electric Three-Wheeler (E3W) for India. Hyundai will lead design and co-development, while TVS will handle co-development, local manufacturing, sales, and future exports. The E3W is tailored to India's last-mile mobility needs, with a focus on local component manufacturing and affordability.
E3W concept unveiled at the Bharat Mobility Global Expo
Joint Development Agreement signed, moving from concept to development
- Adaptive ground clearance for monsoon-affected roads
- Enhanced safety features and ergonomic design for extended commutes
- Enhanced thermal management for tropical climates
- Flexible interior configurations for passenger, goods, and emergency services
“Hyundai Motor Company has long explored ways to contribute to improving India’s transportation environment as a key market, and our collaboration with TVS Motor is a strategic decision rooted in that effort. We hope the co-developed E3W enables broader access to safer and more sustainable transportation for people across the country.”
“At TVS Motor Company, we aim to transform quality of life through sustainable and accessible mobility. The Joint Development Agreement marks an important step in our partnership with Hyundai Motor Company and advances our shared ambition to develop electric three-wheeler solutions. By bringing together complementary strengths, we are well-positioned to deliver purpose-built products for India and ”
Why this matters
The partnership aims to bring an affordable, localized electric three-wheeler to the world's largest three-wheeler market, addressing sustainable last-mile transportation needs.
Terms in This Story
- E3W
- Electric Three-Wheeler, a battery-powered vehicle with three wheels commonly used for short-distance transport in India.
- JDA
- Joint Development Agreement, a formal contract between two parties to collaborate on developing a product.
- last-mile mobility
- The short final segment of a journey, typically from a transit hub to the final destination, often served by small vehicles.
Summarised from the linked release; details can be imperfect — always verify against the original source.