New Delhi, Sept. 28 -- The Murugappa Group's electric vehicle division is betting greater localization and higher sales, as it chases a target of achieving $1 billion revenue and profitability by 2030.
The Chennai-based group is amping up all four EV divisions-passenger three-wheelers, small commercial vehicles, electric trucks and electric tractors-a top company executive at Montra Electric said. Montra is brand name for TI Clean Mobility Pvt. Ltd, a unit of publicly listed Murugappa company Tube Investments of India Ltd.
"We realized that we need to move towards the journey of self-dependence and own this thing," Jalaj Gupta, managing director, Montra said, on a day the company opened a battery pack plant in Haryana's Manesar with an ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.