Greaves Cotton - Piaggio sign long term agreement

Greaves Cotton Ltd has informed that Piaggio Vehicles Pvt Ltd (PVPL), the Piaggio Group's Indian subsidiary, on January 22, 2008 signed a long-term Agreement with the Greaves for the supply of mono-cylinder diesel engines for application on the three-wheeled vehicles manufactured by PVPL.

Under the terms of the 8-year Agreement, Greaves will continue to supply to PVPL the GL400 BSII mono-cylinder diesel engine currently used on the Ape vehicles and starting from April 2010, it will supply to PVPL a new BSIII compliant mono-cylinder diesel engine being developed by Greaves. Consequently Greaves will continue to be a single source supplier of such mono-cylinder diesel engines for 3-wheeled vehicles manufactured by PVPL.