Tuesday, October 3, 2017
Greaves Cotton, Altigreen Propulsion Labs Enter into Strategic Partnership to Deliver Clean Energy Powertrain Solutions
Greaves Cotton has announced a strategic partnership with US & Bengaluru based start-up – Altigreen Propulsion Labs. The partnership aims to provide a range of clean energy powertrain solutions for the 3-wheeler and micro 4-wheeler commercial vehicles. This alliance will be kick-started with the launch of a unique offering of Altigreen’s HyPixi – a low cost partial electrification solution for retro-fitment on current fossil-fuel based vehicles. The solution will help deliver significantly improved fuel efficiency and reduced emissions, hence providing un-matched total cost of ownership to the last mile transportation segment.
Greaves Cotton Limited’s Automotive Engines Division has been successfully providing powertrain solutions to customers in the last mile transportation segment in India. They have built strong credibility in this segment with their fuel-efficient engines and class leading cost of ownership. These reliable engines have been sold through a strong base of 35+ OEM customers across India in the 3-wheeler & micro 4-wheeler space, exceeding 5 million Greaves-powered vehicles on the roads today.This huge park of passenger & cargo vehicles can be offered this partial electrification solution through Greaves’ vast 3500+ aftermarket network in India.
Talking about the partnership Nagesh Basavanhalli, MD and CEO, Greaves Cotton Limited, – “We are excited to sign this strategic partnership with Altigreen Propulsions Labs. This partnership allows us to address the core issue of reduction in carbon load in the atmosphere, along with providing a cost effective greener solution to our customers. Greaves is committed to providing fuel-agnostic solutions and this strategic partnership is a manifestation in the same direction.”
Speaking on the occasion, Dr Amitabh Saran, CEO, Altigreen Propulsion Labs, said “Altigreen is proud to partner with Greaves Cotton Limited, a company with a long track record of providing reliable powertrains for small vehicles. Our advanced 48-volt electric-assist technology generates a positive triple bottom-line impact – on people, planet and profits – throughout the value chain. This partnership leverages Greaves’ unmatched aftermarket network enabling more people to benefit sooner from the use of Altigreen’s products and technology.”