TVS Motor Company Ltd

⚡ TVS Motor & Hyundai Partner on Electric 3-Wheelers for India

• Joint Development Agreement signed on April 20, 2026

• Focus on developing, manufacturing, and commercializing electric micromobility 3-wheelers

• Hyundai leads concept design and co-development

• TVS leads manufacturing and holds exclusive sales rights in India and other territories

• Hyundai holds exclusive sales rights in Korea and other territories

• Royalties exchanged per unit sold based on sales territory

• Partnership combines Hyundai's design/tech with TVS's engineering/manufacturing/distribution

• Aims to address India's last-mile mobility needs with sustainable electric solutions

• Major components sourced and manufactured locally in India

• First vehicle planned for India, the world's largest three-wheeler market

• Hyundai's 2025 consolidated revenue: 186,254,472 million Korean Won