Jakarta (ANTARA) - The South Korean automaker, in partnership with\nIndia\u2019s TVS Motor Company, has officially collaborated to introduce a\nthree-wheeled electric vehicle in the Indian automotive market.<\/p>\n
\u201cHyundai Motor Company has long sought ways to contribute to\nenhancing the transportation ecosystem in India, one of our key markets.\nThe collaboration with TVS Motor is a strategic decision born from those\nefforts,\u201d said Joongsun Ko, Senior Vice President of Corporate Strategy\n& Planning at Hyundai Motor Company, in an official company\nstatement on Monday.<\/p>\n
Joongsun Ko explained that under this partnership, Hyundai will lead\nthe design process and contribute to developing the E3W, drawing on its\nresearch and development expertise, cutting-edge mobility technology,\nand human-centred design approach.<\/p>\n
Meanwhile, the Indian company will leverage its advanced electric\nplatform, extensive engineering expertise in three-wheeled vehicles, and\ndeep understanding of the Indian market.<\/p>\n
TVS, with its strong capabilities in sales and a solid reputation in\nthe domestic market, will deliver a breakthrough for the Indian market\nalongside Hyundai as its partner.<\/p>\n
\u201cWe hope this jointly developed E3W will provide broader access for\npeople across India to safer and more environmentally friendly\ntransportation,\u201d he added.<\/p>\n
Meanwhile, Sharad Mishra, President of Group Strategy at TVS Motor\nCompany, stated that this collaboration also represents the company\u2019s\ncommitment to improving the quality of life for people in India through\nsustainable and affordable mobility.<\/p>\n
\u201cThis Joint Development Agreement marks an important step in our\npartnership with Hyundai Motor Company and strengthens our shared\nambition to develop three-wheeled electric vehicle solutions,\u201d said\nSharad Mishra.<\/p>\n
\u201cBy combining complementary strengths, including our three-wheeled\nelectric vehicle platform, engineering expertise, and deep understanding\nof customer needs, we are well-positioned to deliver a product\nspecifically designed for India and other markets,\u201d he continued.<\/p>\n
Both companies are committed to launching the first vehicle in India,\nthe world\u2019s largest three-wheeler market, as part of the agreement that\nmarks a significant milestone in sustainable short-range mobility\ninnovation.<\/p>\n
A key foundation of this partnership is a strong commitment to\nlocally producing the components needed for E3W model production. Major\ncomponents will subsequently be supplied and manufactured directly in\nIndia.<\/p>\n
This strategic approach aims to strengthen India\u2019s automotive supply\nchain ecosystem, create new jobs, reduce overall vehicle costs, and\nensure responsive after-sales service and easy access to spare parts for\nconsumers.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/hyundai-and-tvs-collaborate-to-introduce-three-wheeled-electric-vehicle-1777301850", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }