Greaves Cotton Signs Technology Transfer Agreement with Tsuyo for Low-Speed Three-Wheelers
Greaves Retail has signed a strategic technology transfer and supply agreement with Tsuyo Manufacturing Pvt. Ltd.
April 08, 2024. By Aishwarya
The agreement marks a significant milestone in Greaves Cotton's commitment to advance its presence in the low-speed electric three-wheeler (L3) vehicle segment.
This collaboration underscores Greaves Cotton's endeavour to leverage Tsuyo's expertise in electric vehicle technology and manufacturing machinery to enhance its capabilities in the electric L3 vehicle domain. Through this partnership, Greaves Cotton anticipates significant growth opportunities within the 3W segment, aligning with its vision to drive sustainable mobility solutions.
Narasimha Jayakumar, CEO of Greaves Retail, said, "Our partnership with Tsuyo showcases Greaves Retail's dedication to empower lives through sustainable mobility solutions. It reflects our commitment to innovation and our drive to lead towards a brighter future. 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., shared his perspective, stating, "We are delighted to partner with Greaves Cotton Limited in advancing the electrification of three-wheelers. 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."
The collaboration would include the transfer of technology and know-how related to electric motors, wound motors, and controllers specifically designed for low-speed three-wheeler vehicles.
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