TI Clean Mobility Launches e-small truck & e-Tractor

TI Clean Mobility Pvt Ltd (TICMPL) will launch electric small commercial vehicle and tractor in the next 2-3 months, while expanding its electric three-wheeler dealer network nationwide.

Chennai - TI Clean Mobility Pvt Ltd (TICMPL)., the EV division of Tube Investments of India Ltd under the Murugappa Group, is set to launch its electric small commercial vehicle (SCV) and tractor in the next two to three months. At the same time, TICMPL is rapidly expanding its dealer network for electric three-wheelers to increase volumes and market share across the country.

TICMPL management during its Q2FY25 earning call, stated that, “Both the electric SCV and the farm tractor are on track to be launched within the upcoming quarter. We’re currently in the final phases of testing-prototype, beta, and customer trials—with fuel validation also progressing smoothly. These products should be ready for the market in two to three months.”

TICMPL has completed initial trials of its electric vehicles with positive feedback. The company is expanding its Montra electric three-wheeler, which holds a 24-25% market share in the South, to northern markets, aiming for similar success with tailored solutions and a strong customer experience.

TICMPL plans to expand its dealership network for Montra electric three-wheelers from 83 to 150 by the end of the fiscal year, with strong growth in the North, East, and West regions. The company sold 1,763 three-wheelers in Q1 and 2,033 in Q2, increasing turnover from ₹68 crore to ₹79 crore. The IPL Tech vehicle also saw growth, with revenue rising from ₹33 crore to ₹46 crore. While input costs have declined, their impact on the electric three-wheeler segment is still limited due to rising competition.