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.
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