Hyundai Motor Company and TVS Motor Company have formalized a strategic partnership to develop and commercialize electric three-wheelers (E3Ws), targeting India’s rapidly evolving last-mile mobility segment.
The two companies signed a Joint Development Agreement (JDA) aimed at creating innovative electric three-wheeler solutions tailored to India’s unique urban and semi-urban transportation needs. The collaboration follows the successful unveiling of a concept model at the Bharat Mobility Global Expo 2025.
Under the agreement, Hyundai Motor will lead the design and co-development process, leveraging its global research and development capabilities, advanced mobility technologies, and human-centric design philosophy. Meanwhile, TVS Motor will contribute its extensive experience in the three-wheeler segment, including its electric vehicle platform and deep understanding of local customer requirements.
The upcoming E3W is expected to address India’s last-mile connectivity challenges by offering a sustainable, efficient, and accessible mobility solution. It will be engineered to suit local road conditions and urban infrastructure, reinforcing both companies’ commitment to green transportation.
TVS Motor will also take the lead in manufacturing and commercialization, utilizing its production facilities in India to cater to domestic demand while exploring export opportunities in other markets. The partnership aims to deliver scalable solutions that combine innovation with affordability.
Company executives highlighted that the collaboration represents a shared vision to enhance sustainable mobility. Hyundai emphasized its long-standing focus on improving transportation ecosystems in India, while TVS reiterated its mission to transform mobility through accessible and environmentally friendly solutions.
This alliance underscores the growing importance of electric three-wheelers in India’s mobility landscape, particularly for last-mile transport and commercial applications. By combining global technological expertise with local market insight, Hyundai and TVS aim to set new benchmarks in the electric mobility space.
