Greaves Retail, the retail arm of engineering company Greaves Cotton, on Friday (April 5) announced that it has entered into a strategic technology transfer pact with EV parts maker Tsuyo Manufacturing to make components for low-speed three-wheelers.

“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 company said in an exchange filing.

The collaboration with Tsuyo will include the transfer of technology and knowhow related to electric motors, wound motors, and controllers specifically designed for these vehicles. “Through this partnership, Greaves Cotton anticipates significant growth opportunities within the 3W segment, aligning with its vision to drive sustainable mobility solutions,” the company said.

On the partnership, Greaves Retail CEO Narasimha Jayakumar said, “Together, we are poised to revolutionise the L3 segment, delivering unparalleled solutions that empower individuals and businesses.”

“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,” said Vijay Kumar, CEO of Tsuyo Manufacturing Pvt Ltd.

Tsuyo Manufacturing, established in 2020, is an Indian company specialising in the design, development, and manufacturing of cutting-edge EV components. Tsuyo offers a range of solutions, including Electric Motors, Drives, Converters, Instrument Panel Designs, Gearboxes, Axles, and e-Axle solutions.

The share of Greaves Cotton ended 0.9% higher at ₹138.95 apiece on Friday, April 5.