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Tube Investments of India (TII) plans to invest Rs 3,000 crore in electric mobility over the next three to four years. The investment will focus on four EV product platforms including passenger and cargo three-wheelers, a 55-tonne truck, a small commercial vehicle (SCV), and a tractor. TII has already launched electric vehicles like passenger three-wheelers and e-trucks, with plans for SCVs and e-tractors. Additionally, TII is setting up a battery packing plant and exploring opportunities in the e-mobility ecosystem. The company is also considering products like e-cycles and e-rickshaws for its portfolio.
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