Greaves Automotive Engines Business, part of Greaves Cotton Ltd, today said it has entered into a long term supply agreement with Atul Auto Ltd for supply of diesel engines for their three wheeled diesel vehicles.
The agreement comes into force with immediate effect and is for a period of seven years. Currently, Greaves engines power Atul Smart, Atul Shakti and Atul Gem vehicles plying across the country, a statement issued here said.
"Greaves engines have been driving vehicles from the Atul Auto stable for almost three decades. With a customer focused approach, we believe that our technologically superior engines backed by a strong after market network will compliment Atul Auto's business plans and will together help grow the business," Greaves Auto CEO Sanjiv Kumar said.
"With emerging categories in the auto segment we believe that new vehicle platforms can be developed faster and more time efficiently with a partner we can trust," Atul Auto CMD JJ Chandra said.
Greaves Automotive Division produces a wide portfolio of automotive engines and in single cylinder engines they are among the largest independent manufacturers with a production of over 4.5 lakh engines annually. The eco-friendly light diesel engines are supplied to major automotive players like Piaggio, M&M, Tata Motors, Scooters India among others.
The company has manufacturing units located at Ranipet in Tamil Nadu and Aurangabad in Maharashtra.