You are here: Home » Companies » News
Race for space: Funding for space start-ups skyrockets 61 per cent in 2022
Business Standard

Steel Strip Wheels to set up JV with Israel's Redler Technologies

The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers

Topics
Steel Strip Wheels | joint ventures in India | Auto component makers

Press Trust of India  |  New Delhi 



Auto sector
The association will synergise the company's manufacturing capability, large consumer access and strong Indian presence with Redler's access to advanced technology

Auto component maker Ltd on Tuesday said it has entered into a pact to form a joint venture with Israel's Redler Technologies for development, manufacturing and sales of motion controllers for electric vehicles in India.

The two have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Ltd said in a regulatory filing.

The association will synergise the company's manufacturing capability, large consumer access and strong Indian presence with Redler's access to advanced technology, it added.

While is an automotive wheel maker, Redler is into design, development and production of servo motion control systems, intelligent circuit breakers and power distribution systems, the filing said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, November 22 2022. 14:45 IST

RECOMMENDED FOR YOU

.