Engineering company Greaves Cotton said it has won a 10 year contract from TATA Motors to supply small diesel engines for its new half-tonne truck Ace Zip which is expected to be launched in the first quarter of this fiscal.
Mr Prabhakar Dev MD and CEO of Greaves Cotton said that "Greaves has developed a 600cc engine for TATA Motors' new truck. It will also supply CNG engines for the truck.”
Greaves Cotton is supplying engines to Piaggio for its four-wheeler truck Ape as part of an eight-year contract. The company also meets the diesel engine needs of three wheeler makers including Piaggio, Mahindra & Mahindra, Atul Auto and Scooters India.
Greaves Cotton plans to build a new engine manufacturing plant at Aurangabad in Maharashtra at an investment of INR 100 crore to meet the growing demand for engines.
The statement said that this will take the company's total automotive engine manufacturing capacity to 400,000 units per annum.