# Hyundai Motor Company and TVS Motor Company signed a Joint Development Agreement (JDA) to develop and commercialise electric three-wheelers for India and other markets.

*business · news · 2026-04-20 · The Tribune*

## Key points

- Hyundai Motor and TVS Motor signed a Joint Development Agreement to co-develop electric three-wheelers.
- Hyundai will lead design and technology, while TVS will handle local sales and manufacturing in India.
- The partnership will localise component manufacturing, strengthening India's supply chain and reducing costs.
- The E3W concept features adaptive ground clearance, enhanced thermal management, and flexible interiors for India.
- Both companies plan to deliver the first production electric three-wheeler specifically tailored for India's market needs.

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

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/hyundai-motor-tvs-motor-sign-pact-to-develop-electric-three-wheelers-for-india/)

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