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After Tata Motors, Switch Mobility and VECV are all set to enter the small electric commercial vehicle market. Chennai-based Murugappa Group’s EV arm Tube Investments of India, and Bharat Forge s Kalyani Powertrain are coming up with electric versions of heavy commercial vehicles. Ashok Leyland has also begun delivery of its intermediate and heavy duty 14T Boss Electric Truck to its customers including Billion E-Mobility.
Kalyani Powertrain Future Plans: EVs and aerospace, which are today smaller verticals, will become major ones by 2030 and contribute to the overall revenue and 5% of overall sales, the company spokesperson said.