TVS Motor Company Ltd (TVSMOTOR)
Signing of Joint Development Agreement with Hyundai Motor Company
TVS Motor and Hyundai Motor Company signed a Joint Development Agreement on April 20, 2026, to jointly develop, manufacture, and commercialize electric micromobility 3-wheelers. Hyundai leads design; TVS leads manufacturing and sales in India and agreed territories. Both companies will share royalties based on sales regions. The partnership aims to deliver sustainable, localized EV solutions tailored for India's last-mile mobility needs, with local component manufacturing and rigorous testing planned.
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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