Greaves Cotton Limited and Pinnacle Engines Inc. US,
announced a technology partnership for the launch of a revolutionary Opposed
Piston Petrol/CNG lean burn BSVI-compliant engine for 3-wheelers in India.
This will make India one of the lead markets to adopt this
technology. This move is seen as an important milestone for Greaves to
establish itself as a leading fuel agnostic powertrain solutions & services
company.
This also allows Greaves access to export markets with large
3-wheeler population. With this advanced horizontal opposed piston design
engines, Greaves aims to offer BS VI compliant high power and fuel efficiency
engines with lower maintenance cost that results in higher savings to the end
customer.
This partnership enables Greaves, currently the market
leader in the 3-Wheeler diesel engine space, to enter the larger 3-wheeler
petrol/CNG space, with a powerful customer value proposition. The partnership
leverages strengths on both sides, provides opportunities to enter new markets
and customer segments.
The innovative technology offering from Pinnacle Engines,
coupled with the vast experience of Greaves in world class manufacturing, will
create a superior value package for the end customer in the Indian and overseas
markets.
The agreement between
the two companies was signed in California, US. Pinnacle Engines is a US based
mobility technologies company.
A pioneer in the
field of Opposed Piston Engine architecture, utilizing a proprietary hardware
design and electronic control, Pinnacle’s unique lean-burn four stroke engine
is protected by over 170 patents.
The technology is now ready to be taken into the Indian
3-wheeler market, providing a highly differentiated customer value proposition.
Commenting on this landmark step, Mr. Nagesh Basavanhalli, MD & CEO,
Greaves Cotton Limited, said: “Greaves has been a dominant player in the last
mile transport segment with our range of diesel engines for a large number of
Automotive OEMs.
The opposed piston technology has been designed, developed
and evolved by the Pinnacle Engines team to give class leading fuel economy at
the right cost, enabling best-in-class total cost of ownership for the end
customer.
With this introduction, we will be able to offer an
extremely competitive engine in the Petrol-CNG segment of the market”. Mr.
David Moll, CEO, Pinnacle Engines Inc., commented: “We value the opportunity to
partner with an established market leader like Greaves, and expect that our
combined strengths will provide great advantage to the market. OEMs face great
pressures on fuel economy, and ever-tightening emissions norms, and our
cooperation provides a great answer to these challenges.”
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