Hyundai Motor partners with TVS Eye electric three-wheeler
Hyundai Motor India Ltd is reportedly planning to enter the growing electric last-mile mobility segment and may enter into a partnership with TVS Motor to jointly develop electric three-wheelers. This move is in line with Hyundai's efforts to adapt to the needs of the Indian market and accelerate the transition to zero-emission vehicles. Hyundai Motor’s strategic initiatives Hyundai aims to leverage its expertise in engineering and design while partnering with TVS for local manufacturing under a contractual agreement. The partnership will mark Hyundai's entry into a segment that is growing significantly, driven by growing demand for sustainable mobility solutions. Hyundai is also expected to share its micro mobility vehicle architecture with TVS, a model similar to the South Indian carmaker's arrangement with BMW for two-wheeler manufacturing. The move highlights a growing trend of global and local carmakers joining forces to tap into niche mobility segments. Expanding last-mile mobility services Hyundai's plans are expected to come to fruition at the upcoming…
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