Murugappa Group to focus on electric CVs
Murugappa Group’s clean energy business, TI Clean Mobility Pvt Ltd. (TCMPL), has indicated a shift in focus on electric three-wheelers and tractors from the erstwhile focus on electric two-wheeler space after witnessing a good traction for both segments in terms of EV disruption. The products have undergone extensive testing over the last one year and there are prototypes on the final version that are undergoing reliability tests at different stages, mentioned Kalyan Kumar Paul. President TI Cycles of India. TCMPL, a subsidiary of Tube Investments of India Ltd., is eyeing more on the productive end of the spectrum where the vehicle is an asset and earns income for the owner. The Group is initially looking at introducing its electric three-wheelers in the southern region and would gradually move to western and northern markets.