HYUNDAI MOTOR AND TVS MOTOR PARTNER TO DEVELOP ELECTRIC THREE-WHEELERS IN INDIA

and have signed a joint development agreement to design and commercialise electric three-wheelers (E3Ws) aimed at India’s last-mile mobility segment. The partnership follows the unveiling of an E3W concept at the Bharat Mobility Global Expo 2025 and marks a shift from concept stage to product development. Under the agreement, will lead design and contribute it's research and development capabilities, while will co-develop the product using its electric vehicle platform and handle manufacturing and sales operations in India. This partnership is set to benefit both the companies in the long term.