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Hyundai Motor Company and TVS Motor Company have signed a joint development agreement.
Hyundai and TVS have signed a joint development agreement for electric three-wheelers in India.
KEY POINTS
- 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
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