The e-SCV, the culmination of extensive research and rigorous testing, is expected to bring about a change in India's mid-mile and last-mile mobility sectors with its technology, design, performance, and durable build quality, the company said.
TICMPL was founded in February 2022 as a subsidiary of Tube Investments of India (TI). With the inclusion of e-SCVs as its fourth EV platform, TICMPL is now positioned to offer complete mobility solutions to enterprises and logistics companies, serving their needs across intercity, intracity, and last-mile applications, the company said in a media release.
Vellayan Subbiah, TII Executive Vice Chairman, said, “Montra Electric represents our commitment to enhancing life through eco-friendly mobility solutions, ushering in a new era of growth and innovation for us. The electric vehicle industry is experiencing an exciting phase of development, not only in India but globally as well. We have dedicated our top resources and time to develop this product, and we are looking forward to the customer response upon its launch in the coming months. At Montra Electric, our goal is to offer products and solutions that are beneficial for both our customers and our business, ensuring practicality and sustainability.”
“India is poised to lead the global adoption of electric vehicles, second only to China. TICMPL is making impressive strides in the electric vehicle sector with a substantial commitment of INR 3000 crores. Currently, we are developing four platforms, including the MHCV truck and EV three-wheeler already in the market. What excites me the most is our upcoming Small Commercial Vehicle (SCV) platform," he added.
"SCV represents the largest category in the commercial vehicle segment, making our entry into this arena particularly thrilling. This segment is primed to adopt EVs swiftly, supported by policies, government initiatives, and increasing adoption rates. Our dedication to becoming the foremost player in this segment in India is unwavering. The TIVOLT e-SCV is poised to be a standout product, a definite winner in the market,” Vellayan Subbiah added.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
