Steel Strips Wheels has entered into an agreement to form a joint venture (JV) with Israel's Redler Technologies for development, manufacturing and sales of motion controllers for electric vehicles in India.
The two companies have signed a memorandum of understanding (MoU) for the same and will collaborate on EV controllers for two-three and four-wheelers.
The association will synergise the company's manufacturing capability, large consumer access and strong Indian presence with Redler's access to advanced technology.