The Economic Times

Hyundai, TVS sign joint development pact for commercialisation of electric 3-wheeler in India

Hyundai Motor and TVS Motor are joining forces. They will develop new electric three-wheelers for India. This partnership aims to improve last-mile transport. Hyundai will lead design and technology. TVS will bring its electric platform and local market knowledge. Local manufacturing will be a key focus. This will create jobs and reduce costs. The first vehicle is expected soon.