Mumbai, Apr 5 (PTI) Greavez Retail on Friday said it has entered into a strategic technology transfer pact with EV parts maker Tsuyo Manufacturing to manufacture components for low-speed three-wheelers.

The collaboration with Tsuyo would include the transfer of technology and know-how related to electric motors, wound motors, and controllers specifically designed for these vehicles.

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The agreement marks a significant milestone in Greaves Cotton's commitment to advancing its presence in the low-speed electric 3-wheeler (L3) vehicle segment, the company said.

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

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)