Greaves Cotton Limited Signs a Technology Transfer Agreement with Tsuyo
#GreavesCotton #Tsuyo #ComponentsManufacturing“Our partnership with Tsuyo showcases Greaves Retail's dedication to empowering 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.” - Narasimha Jayakumar, CEO, Greaves Retail
April 2024 : Greaves Retail, the retail unit of Greaves Cotton Limited (Greaves Cotton), a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, has entered into a strategic technology transfer and supply agreement with Tsuyo Manufacturing Private Limited (Tsuyo), an innovative Indian company specialising in electric vehicle components. The agreement marks a significant milestone in Greaves Cotton's commitment to advancing its presence in the low-speed electric 3-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 empowering 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 3-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 3-wheeler vehicles.
NEWSLETTER
TRENDING ON PRO MFG
MORE FROM THE SECTION