Greaves Retail has signed a strategic technology transfer and supply deal with Tsuyo Manufacturing to produce components for low-speed three-wheelers.
The partnership would entail the transfer of technology and know-how for electric motors, wound motors, and controllers built particularly for low-speed three-wheeler vehicles.
Tsuyo Manufacturing focuses in electric vehicle components.
Through this partnership, Greaves Cotton anticipates significant growth opportunities within the 3W segment, aligning with its vision to drive sustainable mobility solutions, as per a press release.
Narasimha Jayakumar, CEO of Greaves Retail, said, “Together, we are poised to revolutionise the L3 segment, delivering unparalleled solutions that empower individuals and businesses.”
Vijay Kumar, CEO of Tsuyo Manufacturing Pvt. Ltd. said, “Tsuyo’s dedication to innovation and quality, coupled with Greaves Cotton’s market leadership, creates a formidable force to drive positive change in the mobility landscape.”
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