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Greaves Cotton ropes in Tsuyo to make components for low-speed 3-wheelers
Industry News- Apr 05,24
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.
Bengaluru
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, 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, Tsuyo Manufacturing Pvt Ltd, stated, "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.
Established in 2020, Tsuyo Manufacturing Pvt Ltd is an Indian company inspired by Japanese principles of strength and durability. Specialising in the design, development, and manufacturing of cutting-edge EV components, Tsuyo offers a comprehensive range of solutions, including Electric Motors, Drives, Converters, Instrument Panel Designs, Gearboxes, Axles, and e-Axle solutions.
Greaves Cotton Limited (GCL) is a diversified multi-product and multi-location engineering Company with a rich legacy and brand trust of over 163 years. The Company is a leading name in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket & Retail. The Company's diversification strategy is driven by customer-centricity and sustainability. As a part of this diversification strategy, the Company has recently announced the acquisition of Excel Controlinkage Pvt Ltd to unlock new avenues of growth and continue to build expertise in future technologies. GCL is on a mission to redefine the sustainable, cleantech mobility ecosystem through transformative technologies. It is powered by the purpose of touching a billion lives by 2030 and enabling them to make a sustainable transition to green mobility.
Greaves Cotton
Tsuyo Manufacturing
auto components
Low-Speed 3-wheelers
electric vehicle
electric L3 vehicle
Narasimha Jayakumar
Greaves Retail
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