Hyundai, TVS explore pact for 3&4 wheelers

HYUNDAI MOTOR COMPANY (HMC) and TVS Motor Company are exploring a collaboration for passenger three and four wheelers designed by the Korean brand and contract manufactured by the Indian company.

- SWARAJ BAGGONKAR

The concepts of these products were unveiled on Saturday at the Bharat Mobility Global Expo in New Delhi.

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, a statement from HMC said.

The three-wheeler passenger segment is controlled by Mahindra & Mahindra, followed by Bajaj Auto and Piaggio while the four-wheeler commercial passenger vehicle segment, also called as quadricycle, only has Bajaj Auto. However, Bajaj's Qute is powered by a petrol engine.