Technology

Murgappa Group enters the Indian EV market and develops e-auto and cargo tricycles

TI Cycles of India (TII), part of the 121-year-old Murugappa Group, announces its entry into the electric vehicle market in the existing Montra brand and last mile commuting, last mile delivery, and personal mobility vehicle segments. did.

For Last One Mile commute, TII’s first venture is a three-wheeled electric vehicle, which will be available in the first quarter of FY22-23. Last mile delivery introduces three-wheeled electric freight vehicles. TII has already launched e-bicycles in the personal mobility segment.

Regarding this announcement, Vellayan Subbiah, MD of Tube Investments of India said: Entering the electric vehicle is an integral part of the electric vehicle and is a step in line with our long-term vision of revolutionizing the automotive segment through our products and building an ecosystem for the segment to thrive. The Montra logo is designed to symbolize our brand value and long-term ambition. ”

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Murgappa Group enters the Indian EV market and develops e-auto and cargo tricycles
Use the existing Montra brand in the last mile commute, last mile delivery, and personal mobility vehicle segments.
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https://www.autocarpro.in/news-national/murugappa-group-enters-india%E2%80%99s-ev-market–will-roll-out-eauto-and-cargo-threewheeler-80659 Murgappa Group enters the Indian EV market and develops e-auto and cargo tricycles

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