Kirloskar Electric Company has entered into a joint venture agreement with Electrodrive Powertrain Solutions Private Limited for design, development, sales and supply of electric motors to be used for all types of electric vehicles.
Electrodrive Powertrain is a Coimbatore-based (Tamil Nadu) company. Shares of Kirloskar Electric Company closed at ₹8.06 a share, up 0.62 per cent from its previous close on the BSE.