TIVOLT Electric Vehicles (Murugappa Group venture) set to launch electric small commercial vehicles (e-SCV) under “Montra Electric” brand

Chennai, May 13, 2024: TIVOLT Electric Vehicles, a dynamic venture of Murugappa Group and a subsidiary of TI Clean Mobility, plans to launch their e-SCV in the coming months. The launch of the e-SCV will signify the group`s entry into the electric small commercial vehicle space. Once launched, the vehicle is expected to bring about a significant change in India's mid-mile and last-mile mobility sectors, thanks to its cutting edge technology, distinctive design, strong performance, and durable build quality. The development of the e- SCV will be a culmination of extensive research and rigorous testing.

Founded in February 2022 as a subsidiary of Tube Investments of India (TI), TICMPL has dedicated itself to clean mobility solutions. 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.

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 three thousand crores. Currently, we are developing four platforms, including the successful MHCV truck and EV three-wheeler already in the market. What excites me the most is our upcoming Small Commercial Vehicle (SCV) platform. 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, added Vellayan Subbiah”