Murugappa Group plans aggressive play in electric vehicle space, to launch 3 e-tractors by March 2024
Tube Investments of India (TII), part of the over Rs 74,000 crore Murugappa Group is planning an aggressive play in the green mobility space primarily in three areas namely electric three-wheelers under the Montra brand, electric tractors and Medium & Heavy Commercial Vehicles (M&HCV) segment where it foresees “tangible, economic benefits for the customer.”
The message is as clear as it can be, “Our biggest focus is the electric vehicle segment where we foresee an immense opportunity for growth,” stated Mukesh Ahuja, MD, Tube Investments of India (TII), in the company’s annual report.
