Tube Investments of India Ltd. (TII) has infused an additional ₹250 crore into its electric mobility subsidiary, TI Clean Mobility Private Limited (TICMPL), strengthening its focus on India’s rapidly expanding commercial electric vehicle market.
TII is a listed company of the Murugappa Group.
🚛 Under the Montra Electric brand, TICMPL manufactures and sells electric commercial vehicles across multiple segments, including:
🔹 L5 Electric 3-Wheelers
🔹 Small Commercial Vehicles (SCVs)
🔹 Medium & Heavy Commercial Trucks
🔹 Electric Tractors
The latest capital infusion highlights the company’s continued investment in electric commercial mobility, supporting the development and expansion of EV products across multiple vehicle categories.
With electrification accelerating across commercial transportation, investments in electric trucks, 3-wheelers, commercial vehicles and agricultural mobility could play an important role in building India’s next-generation mobility ecosystem. 🇮🇳
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