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Hyundai, TVS Sign Deal to Co-Develop Electric Three-Wheeler for India

The tie-up pairs Hyundai's design leadership with TVS's India manufacturing to target last-mile transport.

Overview

  • Hyundai Motor and TVS Motor, which signed a joint development agreement Monday in New Delhi, will build an electric rickshaw-style vehicle for India’s last‑mile needs.
  • Hyundai will lead vehicle design and co-development by applying its research capabilities and human‑centric approach.
  • TVS will provide the electric platform, handle manufacturing in India, and lead sales locally with scope for future exports.
  • The 2025 concept showed a longer wheelbase, a wider track, adaptive ground clearance, independent rear suspension, and digital fascia screens, though final features remain unconfirmed.
  • Next steps include rigorous testing, localization and certification in India, and there is no announced production timeline or update on the related four‑wheeler concept.