# Hyundai Motor Company and TVS Motor Company have signed a joint development agreement.

*semiconductor · news · 2026-04-20 · Daily Excelsior*

## Key points

- Hyundai and TVS have signed a joint development agreement for electric three-wheelers in India.
- TVS will handle manufacturing, sales, and exports of the electric three-wheelers from India.
- A key focus of the partnership is localising component manufacturing for the E3W within India.
- Major components of the electric three-wheelers will be sourced and manufactured locally.
- The E3W concept was presented at the Bharat Mobility Global Expo 2025 before finalising the partnership.

**Companies:** Hyundai Motor Company, TVS Motor Company
**Countries:** India

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/hyundai-tvs-sign-joint-development-pact-for-commercialisation-of-electric-3-wheeler-in-india/)

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