India’s auto component manufacturer, Steel Strip Wheels has formed an agreement with Israel’s Redler Technologies for the development, manufacturing and sales of motion controllers for electric vehicles in India.
The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Steel Strip Wheels Ltd said in a regulatory filing.
The association will synergize the company’s manufacturing capability, large consumer access and strong Indian presence with Redler’s access to advanced technology, it added.
While Steel Strip Wheels is an automotive wheel maker, Redler is into design, development and production of servo motion control systems, intelligent circuit breakers and power distribution systems, the filing said.