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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.
Hyundai Motor and TVS Motor signed a Joint Development Agreement to co-develop electric three-wheelers.
KEY POINTS
- 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
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