Hyundai Motor Company (Hyundai Motor) today unveiled concept models of advanced electric three-wheeler and micro four-wheeler at Bharat Mobility Global Expo 2025. Together with TVS Motor Company Ltd. (TVS Motor), Hyundai Motor is exploring contributions to the last-mile mobility market in India.
These innovative concepts underline Hyundai Motor's unwavering commitment to its vision of 'Progress for Humanity' by reimagining mobility solutions that prioritize convenience, sustainability and adaptability as part of India's dynamic transportation landscape. While no binding agreements have been explored or executed, Hyundai Motor is exploring the potential to offer design, engineering and technology, while TVS Motor will explore manufacturing and marketing of the vehicles.
"Hyundai Motor is a customer-centric brand, and caring for people in India is our first mission. This commitment has driven us to explore designing micro-mobility solutions tailored to India's unique environment, reimagining the iconic three-wheeler to enhance mobility experiences through thoughtful design," said SangYup Lee, Executive Vice President and Head of Hyundai and Genesis Global Design. "Collaborating with TVS Motor, we aim to locally produce the three-wheeler while exploring global opportunities for the four-wheeler, blending intuitive functionality with the spirit of a rapidly innovating India."
With a focus on contributing to the nation's progress, these concepts exemplify Hyundai Motor's advanced capabilities, engineering expertise and technological innovation, aimed at reshaping last-mile connectivity in India. The concept vehicles can not only address the pressing need for sustainable mobility but also align with the evolving demands of Indian roads and urban infrastructure.
"TVS is proud to explore a partnership with Hyundai Motor to shape the future of urban mobility," said Sharad Mishra, President, Group Strategy, TVS Motor Company. "By combining Hyundai Motor's global expertise with our deep understanding of mobility solutions, we aim to develop nextgeneration micro-mobility solutions that redefine last-mile connectivity. This potential collaboration reflects our commitment to innovation and sustainability. With a shared vision, we are confident that this partnership under discussion will deliver impactful solutions that set new standards in design, engineering, technology, and quality."
Shares of Hyundai Motor India Limited was last trading in BSE at Rs. 1793.35 as compared to the previous close of Rs. 1817.95. The total number of shares traded during the day was 50305 in over 4663 trades.
The stock hit an intraday high of Rs. 1814.00 and intraday low of 1739.00. The net turnover during the day was Rs. 89665060.00. |
