Tube Investments of India (TII), a subsidiary of the Murugappa group, has announced that it will be launching its highly anticipated electric three-wheeler, Montra, and an electric truck in March of this year.
TII will begin manufacturing e-three wheelers in March and begin selling them in April, with the e-truck following a similar timeline. Vellayan Subbiah, executive vice-chairman, TII, also stated that the company’s e-tractor will be launched in July through its newly-formed mobility arm, TI Clean Mobility.
TII had planned to launch the electric three-wheeler in October of last year but was delayed due to new battery safety standards. The company has incurred a total expenditure of ₹500 crore to date in the three businesses, through internal accruals.
TII had previously said that the electric heavy commercial vehicle launch would happen in December and electric tractors either in the last quarter of FY23 or Q1 of FY24.