TIVOLT Electric Vehicles, a dynamic venture of Murugappa Group and subsidiary of TI Clean Mobility, announces plans to introduce its e-SCV (electric small commercial vehicle) in the near future, marking the group’s foray into the electric small commercial vehicle market. Anticipated to revolutionize India’s mid-mile and last-mile mobility sectors, the e-SCV boasts cutting-edge technology, distinctive design, robust performance, and durable construction, following extensive research and rigorous testing.
Established in February 2022 as a subsidiary of Tube Investments of India (TI), TI Clean Mobility Pvt. Ltd. (TICMPL) is committed to providing clean mobility solutions. With the addition of e-SCVs as its fourth EV platform, TICMPL aims to offer comprehensive mobility solutions to enterprises and logistics companies, catering to intercity, intracity, and last-mile transportation needs.
Mr. Vellayan Subbiah, TII Executive Vice Chairman, expressed the significance of the venture, stating, “Montra Electric embodies our commitment to eco-friendly mobility solutions, heralding a new era of growth and innovation. The electric vehicle industry is undergoing a transformative phase, both in India and globally. We have dedicated considerable resources and effort to develop this product, and we eagerly await customer response upon its launch. At Montra Electric, our objective is to deliver products and solutions that benefit both customers and our business, emphasizing practicality and sustainability.”
Highlighting India’s potential to lead global electric vehicle adoption, Mr. Subbiah emphasized TICMPL’s substantial commitment to the sector, amounting to three thousand crores. With the development of four platforms, including the successful MHCV truck and EV three-wheeler, TICMPL’s upcoming entry into the Small Commercial Vehicle (SCV) segment holds particular promise. This segment, being the largest category in the commercial vehicle sector, is expected to swiftly adopt EVs, driven by supportive policies, government initiatives, and increasing adoption rates. TIVOLT’s e-SCV is poised to be a standout product in the market, positioning TICMPL as a leading player in India’s electric vehicle segment.
