Greaves and Tsuyo Join Forces to Boost India's EV Three-Wheeler Market
Greaves Retail, the retail arm of Greaves Cotton, a leading provider of clean mobility solutions in electric and internal combustion engine three-wheelers, has forged a strategic technology transfer and supply pact with Tsuyo Manufacturing (Tsuyo), a prominent EV component manufacturer in the nation. This agreement signifies a notable stride in Greaves Cotton's dedication to bolstering its footprint in the low-speed electric three-wheeler (L3) vehicle sector.
Under the agreement, Greaves Cotton will utilize Tsuyo's proficiency in electric vehicle technology and manufacturing equipment to bolster its prowess in the electric L3 vehicle sector. This collaboration is expected to unlock substantial growth prospects within the three-wheeler segment for Greaves Cotton, aligning closely with its mission to promote 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 revolutionize the L3 segment, delivering unparalleled solutions that empower individuals and businesses”.
Vijay Kumar, CEO, Tsuyo Manufacturing said, “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". As part of the collaboration, the exchange of technology and expertise focusing on electric motors, wound motors, and controllers specifically crafted for low-speed three-wheeler vehicles will occur.