TVS Motor, Hyundai Motor sign pact to co-develop electric 3-wheelers in India

TVS Motor will have the worldwide exclusive right to manufacture the products. It will also hold exclusive rights to sell and distribute the products in India and other agreed territories. Hyundai will have exclusive rights to sell and distribute the products in Korea and other agreed markets. Shares of TVS Motor Company Ltd ended at ₹3,764.45, up by ₹20.85, or 0.56%, on the BSE today, April 20.