Carraro India secures Rs 17.5 crore e-transaxle contract from Montra Electr

Carraro India Limited, has achieved a key strategic milestone by securing a pivotal engineering services contract from TI Clean Mobility Private Limited – Montra Electric for the development and industrialisation of e-transaxles for electric-powered agricultural tractors.

The contract, valued at Rs. 17.50 crore, marks a significant step forward in Carraro India’s journey as a technology-driven supplier for the Indian tractor industry. This partnership reinforces Carraro’s position as a trusted Tier-I solutions provider for axles, transmission systems, gears, and related components.

Commenting on the development, Dr. Balaji Gopalan, Managing Director, Carraro India Limited, said, “We are thrilled to announce that Carraro has successfully secured an engineering services contract to industrialize the E-Transaxle. This significant milestone marks a pivotal moment for our company as a technology product supplier for the Indian tractor industry. We are confident that this innovative technology will greatly enhance tractor capabilities, providing superior efficiency and sustainability.”