Hyundai Motor India will Enter The Electric 3-wheeler Market in Partnership with TVS Motor

A new partnership is expected between Hyundai Motor and TVS Motor For the Indian electric 3-wheeler market. 

In the Indian electric 3-wheeler market, Hyundai Motor India Limited plans to enter, and it may partner with TVS Motor. The entrance of Hyundai Motor will accelerate the transformation of zero-emission 3-wheelers. 

The exact figures of this partnership are not known yet. Hyundai’s micro-mobility vehicle architecture is expected to be shared with Indian automakers, just as the Indian company has access to BMW’s architecture under its two-wheeler manufacturing tie-up with the German brand. Hyundai will oversee the design and technology, and TVS Motor will focus on local manufacturing. The collaboration aims to create a high-quality electric three-wheeler that meets the needs of the Indian market. Hyundai Motor and TVS Motor have not clarified the developments related to this potential partnership. 

Hyundai may also set up its app-based Shucle ride pooling platform in India. It was launched in South Korea in 2021. It is a demand-based set-up that offers service based on real-time requirements. If it is launched in India, Shucle will assist Hyundai in instituting an authoritative position in the market for this sector. The electric 3-wheeler sector is already blooming due to passenger rickshaws and cargo three-wheelers and with the support of the government’s schemes. The entrance of Hyundai in this sector will take it to new heights. 

According to the official release from Hyundai, when Euisun Chung, the Executive Chairman of  Hyundai Motor Group, met with Prime Minister Narendra Modi, they discussed the future of mobility. They also discussed the growth of the Indian automobile sector and its collab with Hyundai Motor Group.