New Delhi, Oct. 14 -- Hyundai Motor Company and TVS Motor Co. Ltd are preparing to expand their electric mobility partnership beyond three-wheelers by developing an electric mini truck to rival Tata Motors Ltd's Ace, according to two executives familiar with the plan.

The companies are targeting a 2027 rollout for the mini truck, the executives said, following the formalization of their electric three-wheeler partnership in April 2026, the first step towards commercializing their jointly developed vehicles.

The plan comes as the companies test their jointly developed electric three-wheeler in Gurugram through Blue Move, a ride-hailing app being piloted with consumers and Hyundai India employees.

An entry into the segment will help TVS ...