Tube Investments of India plans foray into low horsepower eTractors segment

The roll out is expected to happen by the second half of the current year, Vellayan Subbiah, MD, said

Tube Investments of India Limited (TII) is eyeing electric tractors and three-wheelers segment as it offers big opportunity. The roll out is expected to happen by the second half of the current year, Vellayan Subbiah, MD, said.

“The Murugappa group firm selected both these segments as the first and second category to get into as they are very ripe for disruption and the cross over point between EV and ICE will happen much before other vehicles,” he said during Q3 earnings call.

To start with, TII will come out with a low horsepower tractor by July or much earlier, three-wheeler by July/August. Besides, it is eyeing e-cycles too.