Overview
- Hyundai Motor and TVS Motor signed a joint development agreement in New Delhi during a Korea–India summit to move an electric three-wheeler program into commercialization.
- Roles are set with Hyundai leading design and R&D while TVS supplies the EV platform, engineers the three-wheeler, manufactures in India, and handles local sales.
- The partnership advances a concept first shown at the Bharat Mobility Global Expo 2025 toward production with testing, localization work, and regulatory certification now in focus.
- Both companies plan an India-first launch with high local sourcing of major components and the use of TVS’s Indian plants to serve domestic demand and future exports.
- The concept highlighted a longer wheelbase, adjustable ground clearance, independent rear suspension, and digital displays, though coverage notes it is unclear which features will reach production and how they will be tuned for daily operators.