Deals14 Oct 2025, 04:34 pm
Carraro India Secures Rs. 17.50 Crore Engineering Services Contract from Montra Electric for E-Transaxle Development
AI Summary
Carraro India Limited, an independent Tier-I solution provider for axles, transmission systems, gears and other related components, has announced that it has secured a pivotal engineering services contract for the detailed feasibility and industrialising of E-Transaxles for electric-powered agricultural tractors. The agreement, executed on 14 October 2025, is with TI Clean Mobility Private Ltd — Montra Electric. The contract is valued at Rs. 17.50 Crore.
Key Highlights
- Carraro India secures a Rs. 17.50 Crore engineering services contract from Montra Electric for E-Transaxle development.
- The contract is for the detailed feasibility and industrialising of E-Transaxles for electric-powered agricultural tractors.
- The agreement was executed on 14 October 2025 with TI Clean Mobility Private Ltd — Montra Electric.
- Carraro India is a technology-driven integrated supplier that develops complex engineering products and solutions for OEM customers.
- The company is an independent Tier-I solution provider for axles, transmission systems, gears and other related components with in-house product design manufacturing capabilities.