Hyundai Motor and TVS Motor said they are exploring a strategic collaboration to advance last-mile electric mobility solutions in India, reinforcing both companies’ focus on sustainable urban transportation. The potential tie-up aims to develop innovative electric vehicles tailored for India’s fast-growing micro-mobility market.
The announcement came as the two automakers showcased concept electric three-wheelers and micro four-wheelers at the Bharat Mobility Global Expo 2025 in the national capital, underscoring their shared vision for clean and inclusive mobility solutions. Both companies noted that discussions are ongoing and that no final binding agreement has been signed yet.
Under the proposed plan, Hyundai would bring its global design, engineering and technology strength to the collaboration, while TVS — one of India’s leading two- and three-wheeler manufacturers — would explore manufacturing, marketing and co-development roles for the vehicles. The companies said the combined expertise could accelerate the adoption of environmentally friendly transport in dense urban and semi-urban areas.
Executives from both firms highlighted the importance of the partnership in addressing India’s last-mile connectivity challenges. Sharad Mishra, President of Group Strategy at TVS Motor Company, said the collaboration reflects TVS’s commitment to sustainable innovation and mobility solutions tailored to domestic needs.
The concept electric three-wheeler is designed to serve multiple roles, from passenger transport to cargo movement, potentially helping drivers and small businesses transition to zero-emission operations. Hyundai said it will continue to evaluate the practicality and integration of these futuristic vehicles into India’s traffic ecosystem as the discussions progress.
Industry analysts say the exploratory partnership comes at a time when India’s electric vehicle market is rapidly evolving, supported by policy incentives and growing EV adoption across segments. Experts note that collaborations between global automakers and local manufacturers could be key to scaling sustainable transport solutions for last-mile needs.
