TVS Motor Company has entered into a Joint Development Agreement (JDA) with Hyundai Motor Company on April 20, 2026. The JDA is being entered into for the development, manufacturing, and commercialisation of electric micromobility 3-wheelers (including its versions or variants). The JDA sets out the terms governing the arrangement between the parties.

The collaboration leverages Hyundai Motor’s design, styling and technology capabilities with the Company's engineering expertise, manufacturing capabilities and strong distribution network in India and emerging markets, to jointly develop, manufacture and commercialize competitive electric micromobility 3-wheelers.

The arrangement is intended to enable the development of a modern, efficient and sustainable EV mobility solution through the pooling of complementary expertise, resources, and technological capabilities.

TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.