Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) to develop electric three-wheelers (E3Ws) for India’s last-mile mobility segment.
The agreement follows the showcase of the E3W concept at the Bharat Mobility Global Expo 2025 and marks a shift from concept to product development and commercialisation. India, being the world’s largest three-wheeler market, offers a significant opportunity for scalable electric mobility solutions.
The companies will focus on localising key components, with manufacturing planned in India. This is expected to reduce costs, strengthen the supply chain, and improve after-sales support.
TVS Motor will lead manufacturing and sales operations, leveraging its established distribution network and experience in the three-wheeler segment. The company will also cater to future export demand.
Hyundai will lead design and co-development, using its R&D capabilities and mobility technologies. The E3W is being engineered for Indian conditions, including variable road quality and climate factors.
Key features include adaptive ground clearance, enhanced safety systems, ergonomic design for long usage hours, improved thermal management, and flexible configurations for passenger and cargo applications.
The partnership targets India’s growing demand for electric last-mile transport solutions. By combining Hyundai’s engineering capabilities with TVS Motor’s market expertise, the companies aim to deliver a cost-effective and scalable product.
Read more:March 2026 Auto Sales: Tata Motors Leads Growth, Mahindra Shows Stability Across Segments.
Hyundai and TVS Motor partnership comes at a time when demand for last-mile electric mobility is picking up rapidly. By combining Hyundai’s engineering strength with TVS Motor’s understanding of Indian consumers, the companies are aiming to deliver a product that strikes the right balance between cost, performance, and sustainability.
If executed well, their electric three-wheeler could play a meaningful role in making everyday mobility cleaner, more affordable, and better suited to Indian roads.
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Published on: Apr 21, 2026, 10:59 AM IST
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