Tube Investment’s wholly-owned subsidiary TI Clean Mobility launched the Montra Electric three-wheeler. According to the company, the vehicle features many industry-firsts and is full of innovation.
According to the company spokesperson, it is a category-best 10 kWh battery pack that delivers a superior range of 197km with ARAI Certified and 155+/-5km in the typical range. It is also claimed to have an industry-best peak torque of 60 Nm, and a top speed of 55 kmph. You can also get Park Assist and multiple drive modes to improve your economy.
Safety and endurance are the top priorities of the management. Arun Murugappan (Executive Chairman, Tube Investments of India) stated that the “Montra Electric three-wheeler will be a new stage of growth and innovation. This product has been developed with the best of our resources and time.”
We are eager to hear customer reactions. The EV segment with the greatest growth potential is electric three-wheelers. This segment will make a huge impact on India’s efforts to reduce its carbon emissions to zero by 2070.
Adding further details, KK Paul, MD of TICMPL stated, “It’s available in three versions – Soft top, hard top and long range, and the prices range between Rs 3.02 lakh – 3.42 crore.” Prices are ex-showroom after receiving subsidy benefits.
The Montra Electric three-wheeler is equipped with telematics, state-of-the-art apps for commuters and drivers, as well as 24×7 roadside assistance, convenient digital finance, a 2-year extended warranty and a 3-year AMC.
Also, 40 dealers have already joined and they plan to target 100 more locations by the end of FY2023. The company plans to launch a nationwide launch in phases, starting with South. It has spent Rs 200 crore on product development and manufacturing so far. The product took three years to develop. It plans to break even within 2 years and to be among the top 3 electric 3-wheeler brands in the first year after the launch.
The company is currently in contact with several battery swapping companies and will be looking into it in the future. Paul spoke out about their battery chemistry. He said that they currently use NMC battery chemistry but are open to exploring other chemistry. Also, it plans on introducing cargo products.