Greaves Cotton partners with Tsuyo for e3W component manufacturing

Greaves Retail, a unit of Greaves Cotton Limited, has entered a technology transfer and supply agreement with Tsuyo Manufacturing Private Limited, an Indian startup specializing in electric vehicle components. This partnership signifies Greaves Cotton’s entry into the low-speed electric 3-wheeler (L3) vehicle segment.

This collaboration aims to leverage Tsuyo’s expertise in electric vehicle technology and manufacturing machinery to enhance Greaves Cotton’s capabilities in the electric L3 vehicle domain, potentially leading to growth opportunities within the 3W segment. It encompasses the transfer of technology and know-how related to electric motors, wound motors, and controllers specifically designed for low-speed 3-wheeler vehicles.

Mr 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.”

Mr 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.”

Also read: Ramkrishna Forgings to invest INR 100 crore in Tsuyo Manufacturing over 5 years