Home >
Trucks>
Blog

Hyundai Enters Electric 3-Wheeler Market with TVS Motors in 2025

In 2025, Hyundai Motor India is set to leap significantly into the rapidly growing electric vehicle (EV) market. The company, known for its innovative approach to mobility, plans to enter the electric last-mile mobility sector with the launch of electric 3-wheelers. To achieve this, Hyundai will partner with TVS Motor, one of India’s leading two-wheeler manufacturers. This collaboration aims to create a new wave in India’s three-wheeler market, quickly becoming a key area for electric mobility.

Hyundai’s Vision for Electric Mobility in India

Hyundai has always been at the forefront of the automotive industry, and it is now focusing on India’s growing demand for zero-emission vehicles. The country’s shift towards electric vehicles has been gaining momentum, with the government and businesses pushing for a cleaner, more sustainable future. Hyundai’s entry into the electric three-wheeler market is part of the company’s strategy to become more "Indian in India" and contribute to the nation's goal of reducing carbon emissions.

The electric three-wheeler segment is a perfect fit for Hyundai’s vision. The vehicles are ideal for last-mile connectivity, which plays a crucial role in India’s transportation ecosystem. The partnership with TVS Motor, a key player in the 3-wheeler segment, is expected to bring together Hyundai’s design and engineering expertise with TVS’s strong local manufacturing capabilities. This collaboration is a clear sign of Hyundai's commitment to India’s green mobility future.

Hyundai Partners with TVS Motor for Electric 3-Wheeler Development

According to sources, Hyundai and TVS are in discussions to form a joint venture aimed at producing electric 3-wheelers for the Indian market. TVS Motor, already known for its experience in manufacturing TVS 3-wheelers, is expected to handle the local manufacturing of these vehicles, while Hyundai will lead the design and engineering. The collaboration between the two companies could also involve the sharing of Hyundai’s micro-mobility vehicle architecture, similar to how TVS collaborates with BMW for two-wheeler designs.

While the specifics of the partnership are still under discussion, the shared goal is to develop an affordable, efficient, and reliable electric 3-wheeler that can cater to the needs of India’s growing urban population. With TVS’s local expertise in 3-wheeler manufacturing and Hyundai’s global engineering experience, the partnership is well-positioned to create a product that resonates with Indian consumers.

What to Expect in 2025: Electric 3-Wheeler and Shucle

As part of this collaboration, Hyundai plans to unveil its electric 3-wheeler concept at the Bharat Mobility Show in 2025. This will be a major step towards introducing Hyundai’s electric vehicles in the last-mile mobility sector. The company has been closely monitoring the electric last-mile mobility market in India and aims to take full advantage of the opportunities that come with it.

Hyundai is also planning to introduce an app-based platform, which could operate similarly to services like Shucle. The name “Shucle” is a combination of the words ‘shuttle’ and ‘circle’, representing its role as a circular shuttle service in specific locations. Shucle, a demand-responsive ride-pooling service, was first launched in Sejong City, South Korea, in 2021. Hyundai’s AI-powered platform uses real-time data to offer variable routing and handle local transportation issues, making it a potential game-changer for Indian cities facing traffic congestion and pollution.

Through Shucle, Hyundai aims to improve last-mile connectivity and provide more sustainable transportation options for Indian commuters. By combining electric vehicles with smart technology, Hyundai hopes to provide a seamless and efficient travel experience while contributing to the reduction of carbon emissions in urban areas.

Recent Developments and Focus on India

Hyundai’s decision to enter the electric 3-wheeler market comes at a time when the company is focused on strengthening its ties with India. In October 2024, Hyundai Motor Group’s Executive Chair, Euisun Chung, met with Indian Prime Minister Narendra Modi after Hyundai’s subsidiary was listed on the National Exchange. During this meeting, they discussed the future of mobility and the importance of collaboration between Hyundai and India.

Chung emphasized the significance of working closely with India to navigate the country’s diverse market conditions. The discussions are likely to have played a role in Hyundai’s recent push to enter the last-mile mobility space, which is undergoing a rapid transformation towards electric vehicles. With India’s fast-growing electric vehicle market, Hyundai sees a huge opportunity to bring innovative, eco-friendly solutions to the country.

The Growing Electric 3-Wheeler Market in India

The electric three-wheeler market in India is one of the fastest-growing segments in the country’s overall electric vehicle market. With the government’s push for EV adoption and a rising awareness of environmental issues, more businesses and individuals are turning to electric three-wheelers for short-distance transportation needs. This includes goods delivery services, passenger transport, and even small businesses looking for affordable and eco-friendly transportation options.

At present, Mahindra & Mahindra dominates this market, holding a significant market share of over 40%. Bajaj Auto 3 wheeler, along with startups like Euler and AltiGreen 3 wheeler, is also making strides in this sector. Other players, such as Hero MotoCorp and Ola Electric, are gradually gaining ground as well. The competition is fierce, but Hyundai’s entry into the market adds another strong contender to the mix, promising innovative electric solutions for India’s evolving transportation needs. Moreover, with TVS 3-wheelers already being a trusted name in the industry, their partnership with Hyundai ensures a high-quality, local product designed for Indian conditions.

Explore the Latest Hyundai Electric 3-Wheelers and More on TrucksBuses.com

Explore the latest Hyundai electric 3-wheelers and more on TrucksBuses.com. Whether you're looking for efficient 3-wheelers or reliable 4-wheelers, we have all the information you need. Stay updated on the newest electric vehicles and find detailed specifications, prices, and more. TrucksBuses.com is your one-stop destination for the latest in electric mobility.

Conclusion: A New Era for Electric 3-Wheelers in India

Hyundai’s decision to partner with TVS Motor to develop an electric 3-wheeler is a promising development for India’s electric mobility future. With Hyundai’s advanced engineering and TVS’s manufacturing strength, the collaboration is poised to produce electric vehicles that are affordable, reliable, and perfect for the last-mile mobility market. As more companies, including startups and established giants, enter the space, the electric 3-wheeler market in India will only continue to grow, making it an exciting time for the industry.

Introducing Hyundai’s Shucle platform and electric 3-wheelers marks the beginning of a new era in transportation in India. With a focus on sustainability, efficiency, and smart technology, Hyundai and TVS Motor are set to play a key role in shaping the future of mobility in India.

Surge S32: A Game-Changer in the Electric Vehicle World