Steel Strip Wheels Ltd, an Auto component maker announced that it has formed a joint venture to develop, manufacture, and sell motion controllers for electric vehicles (EVs) in India.
Two companies signed a memorandum for the same. They will collaborate on EV controllers to be used for two, three, and four-wheelers. Steel Strip Wheels Ltd stated in a regulatory filing.
It said that the association will combine Redler’s access technology with Redler’s manufacturing capabilities, large consumer access, and a strong Indian presence to enhance Redler’s manufacturing capabilities.
The filing stated that Steel Strip Wheels makes automotive wheels, but Redler is involved in the design, development, and production of servo motor control systems and intelligent circuit breakers.