Steel Strip Wheels to set up EV joint venture with Israel’s Redler Technologies

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 June 3, 2024

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Steell auto parts maker Strip Wheels Ltd on Tuesday, he said he has signed an agreement with Israel's Redler Cooperative Technologies to form a joint venture to develop, manufacture and market electric vehicle motion controllers in India. Steel Strip Wheels Ltd In a regulatory filing, the two companies signed a memorandum of understanding and will work with two-, three-and four-wheeled electric vehicle controllers.

The company's manufacturing capabilities, large consumer channel and strong Indian presence will be combined with the cutting-edge technology acquired by Redler, the association added. Steel Strip Wheels is a manufacturer of automotive wheels, and Redler is involved in the design, development and production of servo motion control systems, smart circuit breakers and power distribution systems, the document said.

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