Greaves Cotton Signs Technology Transfer Deal with Tsuyo for Low-Speed 3-Wheeler Components
On April 6 in Bengaluru, Karnataka, India, a pivotal move was made in the clean mobility and energy solutions sphere. Greaves Retail, the retail division of the esteemed Greaves Cotton Limited, announced a landmark strategic collaboration with Tsuyo Manufacturing Pvt. Ltd., a trailblazer in the realm of electric vehicle (EV) components based in India. This partnership focuses on a technology transfer and supply pact that underscores Greaves Cotton’s strategic intent to expand its footprint in the low-speed electric 3-wheeler (L3) market.
This partnership demonstrates Greaves Cotton’s goal to improve its performance in the electric L3 vehicle market by utilizing Tsuyo’s knowledge of manufacturing machines and electric vehicle technologies. Greaves Cotton sees tremendous development potential in the 3W market as a result of this cooperation, which is consistent with its mission to advance sustainable transportation solutions.
Narasimha Jayakumar, the CEO of Greaves Retail, expressed enthusiasm about the collaboration, highlighting it as a reflection of the company’s commitment to fostering sustainable mobility solutions that enhance lives and pave the way for a greener future.
“This partnership with Tsuyo is poised to transform the L3 vehicle segment, offering superior solutions that benefit both individuals and enterprises,”
Jayakumar remarked.
Echoing this sentiment, Vijay Kumar, the CEO of Tsuyo Manufacturing Pvt. Ltd., emphasized the synergistic potential of this alliance.
“Joining forces with Greaves Cotton Limited to push the envelope in 3-wheeler electrification reflects our shared dedication to innovation and excellence. This collaboration positions us as a powerful duo set to make impactful strides in the mobility sector,”
Vijay Kumar stated.
The partnership entails a comprehensive exchange of technologies and expertise, focusing on electric motors, wound motors, and controllers tailored for the low-speed 3-wheeler market.
Greaves Cotton Limited at a Glance:
Greaves Cotton Limited (GCL) stands as a venerable entity in the engineering sector, boasting a legacy and trust spanning over 163 years. Renowned for its fuel-agnostic powertrain solutions, E-Mobility, aftermarket services, and retail operations, GCL continues to diversify in alignment with its commitment to customer-centricity and sustainability. The recent acquisition of Excel Controlinkage Pvt Ltd. is part of GCL’s strategy to tap into new growth avenues while honing expertise in emergent technologies. With a mission to revolutionize the sustainable, clean-tech mobility ecosystem through innovative technologies, GCL is driven by the vision to impact a billion lives by 2030, facilitating their transition to green mobility.
About Tsuyo Manufacturing Pvt. Ltd.:
Founded in 2020, Tsuyo Manufacturing Pvt. Ltd. is inspired by the robust Japanese principles of resilience and durability. The company specializes in the engineering, development, and fabrication of avant-garde EV components. Offering a wide array of solutions, including Electric Motors, Drives, Converters, Instrument Panel Designs, Gearboxes, Axles, and e-Axle solutions, Tsuyo stands at the forefront of electric vehicle component innovation.
