Hyundai Motor Company and TVS Motor Company Ltd. have signed a Joint Development Agreement to advance the development and commercialization of Electric Three-Wheeler solutions designed specifically to address India's last-mile mobility needs.
The partnership was formalized following the presentation of the E3W concept at the Bharat Mobility Global Expo 2025. The products will be jointly developed by both companies, combining electric mobility expertise and deep understanding of customers’ needs. Both companies will share engineering expertise, incorporating Hyundai Motor’s human-centric design approach and TVS Motor’s advanced electric three-wheeler platform.
Under the agreement, Hyundai Motor will lead the design of and co-develop the E3W by leveraging its research and development expertise, advanced mobility technologies and human-centric design approach.
“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.” – Joongsun Ko, Senior Vice President of Corporate Strategy & Planning at Hyundai Motor Company.
TVS Motor will co-develop the product using its electric platform, extensive three-wheeler engineering expertise and deep local market knowledge. TVS will also lead local sales, with its manufacturing operations in India catering to Indian market demand and future exports.
Commenting on the development, Sharad Mishra, President, Group Strategy, TVS Motor Company, said, “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 - including our electric three-wheeler platform, engineering expertise, and deep understanding of customer needs - we are well-positioned to deliver purpose-built products for India and additional markets. This collaboration reinforces our commitment to scalable, sustainable last-mile mobility while setting new benchmarks in technology, quality, customer experience, and a legacy of trust."
