Greaves Retail, the retail unit of Greaves Cotton Limited, has entered into a strategic technology transfer and supply agreement with Tsuyo Manufacturing, to manufacture components designed for Low-Speed 3-wheelers.
The collaboration would include the transfer of technology and know-how related to electric motors, wound motors, and controllers specifically designed for low-speed 3-wheeler vehicles.
Tsuyo Manufacturing (Tsuyo) specialises 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."