Montra Electric, the EV brand of Murugappa Group plans to launch their electric small commercial vehicles (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.
The development of the Montra Electric SCV has been a result of extensive research and testing at the state-of-the-art Ponneri plant. It has also taken into account market gaps and customer feedback to ensure that it becomes the preferred choice for customers.
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 distinctive design, strong performance, and durable build quality.
TIVOLT Electric Vehicles, a subsidiary of TI Clean Mobility (TICMPL) is dedicated to transform urban transportation in India by focusing on the Electric Small Commercial and Light Commercial Vehicle segment. With a core vision of revolutionizing urban mobility, TIVOLT aims to deliver innovative and sustainable transportation solutions that prioritize customer profitability while addressing the growing demand for cleaner, more efficient vehicles.
The venture is committed to playing a pivotal role in reshaping the transportation landscape, driving economic growth, and minimizing environmental impact. Through its focus on electric small commercial vehicles, TIVOLT’s approach underscores the importance of not only achieving business success but also contributing to the well-being of communities and the environment.
Saju Nair, Chief Executive Officer, TIVOLT said, “As the electric vehicle industry enters an exciting phase globally and in India, we have invested our best efforts in developing this product, eagerly looking forward to its launch. At Montra Electric, we are committed to delivering practical and sustainable solutions that benefit our customers and our business. With the TIVOLT e-SCV, we aim to make a significant environmental impact, contributing to the global push for carbon neutrality.” He added that the electric SCV segment is set for remarkable growth, playing a crucial role in India’s journey towards net-zero emissions by 2070.
TIVOLT’s commitment to transforming the small commercial vehicle sector goes beyond mere product development; it represents a paradigm shift towards sustainable and customer-centric transportation solutions, a release stated.
About Montra Electric (TI Clean Mobility Pvt Ltd, Murugappa Group)
Montra Electric operates in the automotive segment by offering cutting-edge product propositions with a vision to improve the quality of life through eco-friendly mobility solutions. The brand has ventured into Three-Wheeler Electric Mobility space and quickly expanding the portfolio. Tl Clean Mobility Pvt Ltd, the owner of Montra Electric Brand is also working on electrifying other categories of Small Commercial, Heavy Commercial and Tractors, committed to building sustainable and green India.
A 124-year-old conglomerate with presence across India and the world, the INR 778 billion (77,881 crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.
The Group has 9 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, EID Parry (India) Limited, Shanthi Gears Limited, Tube Investments of India Limited and Wendt India Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, CUMI, Gromor, Paramfos, Parry’s are part of the Group’s illustrious stable.
Abrasives, technical ceramics, electro minerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea and several other products make up the Group’s business interests. The Group has a workforce of over 83,500 employees.