TI Clean Mobility plans to roll out electric vehicles from March
The Hindu
CHENNAI
TI Clean Mobility Pvt. Ltd. (TICMPL), a subsidiary of Tube Investments of India Ltd. (TII) will start rolling out its electric three wheeler and truck in March and tractor by July, said TII executive vice chairman Vellayan Subbiah.
“We will start manufacturing and put out the first set of products in March with our current plan and then start selling, increasing volumes April onwards,” Mr. Subbiah said during the Q3 analysts call.
According to him, the 55-tonne EV truck still needs full homologation and is expected to be completed during the March-April time frame.
“This means that sales will only happen in the July time frame. The EV tractor timeline is a delay from what we had anticipated in the past,” he said.
During the Q2 analysts call, Mr. Vellayan had said that electric heavy commercial vehicle launch would happen in December and electric tractors either in the last quarter of FY23 or Q1 of FY24.
TI Clean Mobility managing director K.K. Paul said that the launch was delayed due to new battery safety standards announced by the Centre. “Besides, TICMPL also used the opportunity to do a lot more reliability tests and to ramp up suppliers volume and align it with quality and delivery standards,” he added.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.