Targeting last-mile mobility, Hyundai Motor Company and TVS Motor Company join forces to develop electric three-wheelers tailored for India, advancing localisation and sustainable transport solutions.
Hyundai Motor Company and TVS Motor Company have entered into a joint development agreement to design and commercialise electric three-wheelers tailored for India’s last-mile mobility segment.
The agreement follows the unveiling of a concept vehicle at the Bharat Mobility Global Expo 2025 and marks a shift towards product development and eventual mass production. The companies said the collaboration aims to address local transport challenges while expanding access to electric mobility solutions.
Under the arrangement, Hyundai will lead the design and co-development of the electric three-wheeler, drawing on its research capabilities and mobility technologies.
TVS Motor will contribute its electric platform and engineering expertise and handle manufacturing and sales operations in India, including potential exports.
“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,” said Joongsun Ko, Senior Vice President of Corporate Strategy and Planning at Hyundai.
“We hope the co-developed E3W enables broader access to safer and more sustainable transportation for people across the country,” he said.
TVS Motor said the partnership builds on complementary capabilities. “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,” said Sharad Mishra, President, Group Strategy.
He added that the collaboration would help deliver “purpose-built products for India and additional markets”.
The vehicle is being engineered to suit Indian road and climate conditions, with features such as adaptive ground clearance, enhanced safety systems, and flexible configurations for passenger and cargo use. Both companies plan to localise key components to support supply chains, reduce costs, and improve serviceability.
The project will now move through testing, certification and regulatory approval stages, supported by dedicated teams from both firms.
