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Hyundai, TVS Join Hands to Develop Electric Three-Wheelers For India
South Korean automaker Hyundai Motor Company and Indian two-wheeler giant TVS Motor Company have announced a strategic partnership to develop electric three-wheelers (E3Ws) for India and several global markets.
Hyundai and TVS Partner for Electric Three-Wheelers
Electric mobility is rapidly gaining traction in India, with increasing adoption of electric cars and two-wheelers. However, another segment witnessing significant growth is the electric three-wheeler space.
This segment has already grown by over 50% in India, highlighting its strong potential. Recognising this opportunity, Hyundai and TVS have joined hands to co-develop electric three-wheelers for domestic as well as international markets. The partnership was formalised after the successful showcase of the E3W concept at the Bharat Mobility Global Expo 2025.
Focus on Indian Market and Global Expansion
Both companies aim to develop purpose-built electric three-wheelers tailored for Indian road conditions and urban mobility needs. Hyundai Motor will lead design and co-development, bringing its global R&D expertise, advanced mobility technologies, and human-centric design approach.
Speaking on the collaboration, Joongsun Ko, Senior Vice President of Corporate Strategy and Planning at Hyundai, said, "Hyundai Motor Company has long explored ways to contribute to improving India's transportation environment as a key market, and our collaboration with TVS Motor is a strategic decision rooted in that effort. We hope the co-developed E3W enables broader access to safer and more sustainable transportation for people across the country."
TVS Brings Local Expertise and Manufacturing Strength
TVS Motor Company will co-develop the product using its EV platform, three-wheeler expertise, and deep understanding of Indian customers. The brand already has strong trust in the three-wheeler segment, along with a wide sales and service network across India. Its manufacturing strength will also help keep costs competitive and support exports.
Shard Mishra, President - Group Strategy at TVS Motor Company, said, "At TVS Motor Company, we aim to transform quality of life through sustainable and accessible mobility. The Joint Development Agreement marks an important step in our partnership with Hyundai Motor Company and advances our shared ambition to develop electric three-wheeler solutions."
He further added, "By bringing together complementary strengths-including our electric three-wheeler platform, engineering expertise, and deep understanding of customer needs-we are well-positioned to deliver purpose-built products for India and other markets. This collaboration reinforces our commitment to scalable, sustainable last-mile mobility while setting new benchmarks in technology, quality, and customer experience."
India's Growing EV Opportunity
India is the world's largest three-wheeler market, making it a key focus for electric mobility. The partnership is expected to boost localisation, with many components sourced domestically. This will strengthen the supply chain, reduce manufacturing costs, and improve after-sales support.
E3W Concept: Built for Indian Conditions
The E3W concept has been designed specifically for Indian roads, featuring:
- Adequate ground clearance
- Enhanced safety features
- Ergonomic design for narrow roads
- Flexible interior layout
- Efficient battery thermal management
It can serve multiple use cases, including passenger transport, goods delivery, and emergency services.
Development and Future Plans
The vehicle will undergo rigorous testing, localisation refinement, and certification to meet Indian regulations and customer expectations. TVS Motor's strong understanding of electric mobility and local demand will support Hyundai's global vision of "Progress for Humanity," focused on accessible mobility solutions.
Overall, the upcoming E3W aims to deliver a strong balance of technology, affordability, sustainability, and safety. Both companies have also set up cross-functional teams to accelerate development and approvals.
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