In a move set to redefine the landscape of electric mobility, Greaves Retail, the retail arm of Greaves Cotton Limited, has forged a strategic alliance with Tsuyo Manufacturing Pvt. Ltd., a pioneering Indian firm specializing in electric vehicle components. This milestone agreement signifies Greaves Cotton’s steadfast commitment to bolstering its presence in the low-speed electric 3-wheeler (L3) vehicle segment.
Under the terms of the partnership, Greaves Retail aims to harness Tsuyo’s proficiency in electric vehicle technology and manufacturing machinery to augment its capabilities in the electric L3 vehicle domain significantly. This collaboration is poised to unlock substantial growth prospects within the 3-wheeler segment, in line with Greaves Cotton’s overarching vision to champion sustainable mobility solutions.
Expressing his enthusiasm, Mr. Narasimha Jayakumar, CEO of Greaves Retail, emphasized the transformative potential of the partnership with Tsuyo. “Our collaboration underscores Greaves Retail’s unwavering commitment to fostering sustainable mobility solutions. It epitomizes our dedication to innovation and our relentless pursuit of a brighter future. Together, we are primed to revolutionize the L3 segment, offering unmatched solutions that empower individuals and businesses alike,” he stated.
Echoing this sentiment, Mr. Vijay Kumar, CEO of Tsuyo Manufacturing Pvt. Ltd., lauded the partnership as a significant stride towards advancing the electrification of 3-wheelers. “We are thrilled to join forces with Greaves Cotton Limited in propelling the electrification of 3-wheelers. Tsuyo’s dedication to innovation and quality, combined with Greaves Cotton’s market leadership, forms a formidable alliance poised to catalyze positive change in the mobility landscape,” he remarked.
Central to the collaboration is the transfer of technology and know-how pertaining to electric motors, wound motors, and controllers meticulously tailored for low-speed 3-wheeler vehicles. This exchange of expertise is anticipated to pave the way for groundbreaking advancements in electric mobility, offering consumers and businesses alike a spectrum of efficient and sustainable transportation solutions.
As Greaves Retail and Tsuyo Manufacturing embark on this journey of innovation and collaboration, the electric 3-wheeler segment stands on the brink of a transformative era, heralding a future characterized by cleaner, greener, and more accessible mobility options.
