🧠 Food for thought

Implications, context, and why it matters.

Hyundai teams up with a leader in a market shifting to EVs

• The tie-up brings together Hyundai’s India research and development work with TVS Motor’s reach in the country’s vehicle market 1.
• In February 2026, TVS Motor led India’s electric two-wheeler market with about a 28.9% share. Its electric vehicle sales also climbed 60% year over year in the same month 23.
• The companies are moving into India’s three-wheeler segment, where electric models made up more than 53% of new sales in 2024 4.
• Hyundai is backing the effort through its India Engineering Center, which opened in 2006 to adapt vehicles for local roads and climate conditions 1.

India is turning into a proving ground for low-cost mobility

• The deal adds established automakers to India’s last-mile EV market. TVS has already moved ahead of early startup leaders in electric two-wheelers 2.
• India also gets a larger role in affordable EV development. TVS Motor will handle manufacturing and sales at home, with plans to reach export markets 5.
• Vehicles built for flooded roads and intense heat in India could also work in other emerging economies 6.