Steel Strip Wheels to set up EV joint venture with Israel’s Redler Technologies

Auto component maker Steel Strip Wheels Ltd on Tuesday said it has entered into a pact to form a joint venture with Israel’s Redler Technologies for development, manufacturing and sales of motion controllers for electric vehicles in India. The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Steel Strip Wheels Ltd said in a regulatory filing.