TIVOLT Electric Vehicles, a joint venture between the diversified conglomerate Murugappa Group and TI Clean Mobility, plans to launch small electric commercial vehicles under the brand ‘Montra Electric’. The introduction of the e-SCV is expected to significantly impact the mid-mile and last-mile mobility sectors. The development of the e-SCV is the culmination of extensive research and rigorous testing, the company said in a statement Tuesday.
“Montra Electric embodies our commitment to improving lives through eco-friendly mobility solutions, ushering in a new era of growth and innovation. The electric vehicle industry is witnessing an exciting phase of development, not only in India but globally. We are leveraging our best resources and time to develop this product and look forward to the customer response upon its launch in the coming months,” said Tube Investments of India (TII) Executive Vice President Vellayan Subbiah.
TI Clean Mobility is a subsidiary of Tube Investments of India. “India is set to become second only to China in global adoption of electric vehicles. TICMPL is making impressive strides in the electric vehicle sector with a major commitment of Rs 3,000 crore. We are currently developing four platforms, including the successful MHCV (Medium Heavy Commercial Vehicle) truck and the electric tricycle, which are already on the market. What I’m most excited about is our upcoming small utility vehicle platform. “The TIVOLT e-SCV is poised to become an extraordinary product, a clear winner in the market,” he added.
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