TIVOLT Electric Launches e-SCV Under 'Montra Electric' Brand

Chennai, May 14 (PTI) TIVOLT Electric Vehicles, a joint venture between the diversified conglomerate the Murugappa Group and TI Clean Mobility, has drawn up plans to launch e-small commercial vehicles under the 'Montra Electric' brand, the company said.

The launch of the e-SCV is expected to bring about a significant change in mid-mile and last-mile mobility sectors. The development of the e-SCV would be a culmination of extensive research and rigorous testing, a company statement said here on Tuesday.

"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. We have dedicated our top resources and time to develop this product and are looking forward to the customer response upon its launch in coming months," said Tube Investments of India (TII), Executive Vice-Chairman Vellayan Subbiah.

TI Clean Mobility is a subsidiary of Tube Investments of India.

"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 Rs 3,000 crore. Currently, we are developing four platforms, including the successful MHCV (medium, heavy commercial vehicle) truck and electric three-wheeler already in the market. What excites me the most is our upcoming Small Commercial Vehicle platform. The TIVOLT e-SCV is poised to be a standout product, a definite winner in the market," he added.