Greaves Retail on Friday said it has entered into a strategic technology transfer pact with EV parts maker Tsuyo Manufacturing to manufacture components for low-speed three-wheelers.
The collaboration with Tsuyo would include the transfer of technology and know-how related to electric motors, wound motors, and controllers specifically designed for these vehicles.
The agreement marks a significant milestone in Greaves Cotton's commitment to advancing its presence in the low-speed electric 3-wheeler vehicle segment, the company said.
Greaves Retail CEO Narasimha Jayakumar said, "Together, we are poised to revolutionise the L3 segment, delivering unparalleled solutions that empower individuals and businesses."
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