Murugappa Group to Introduce 3 Innovative Electric Tractors

Key Highlights

• Tube Investments of India (TII) launching 3 electric tractor variants by March 2024.
• Diverse offerings catering to various user segments.
• Production facilities are underway in Chennai, Tamil Nadu.
• Acquisition of Celestial E-Mobility for technological prowess.
• Massive Rs 3,000 crore investment demonstrating commitment.
• Focus on economic benefits and environmental sustainability.

Tube Investments of India (TII), a part of the renowned Murugappa Group, is venturing into the electric vehicle (EV) market with a bang. They're all set to introduce three different types of electric tractors, marking a significant stride towards green mobility.

Diverse Offerings

TII's plan includes rolling out three variants of electric tractors, each designed to meet the needs of different users. From small-scale farmers to large agricultural operations, there's something for everyone.

Production

Work has already begun on setting up production facilities for these futuristic tractors at Apex Park in Chennai, Tamil Nadu. This move underscores TII's commitment to embracing sustainable technologies.

Equipped for Success

By acquiring Celestial E-Mobility, TII has reinforced its technological capabilities, ensuring that these e-tractors are at the forefront of innovation.

A Greener Future

In addition to electric tractors, TII is also gearing up to manufacture electric three-wheelers and Medium & Heavy Commercial Vehicles (M&HCV). This expansion reflects their dedication to greener transportation solutions.

Economic Benefits

TII's foray into electric mobility promises significant economic advantages for customers. From reduced operating costs to environmental benefits, the advantages are manifold.

Strategic Shift

Mukesh Ahuja, Managing Director of TII, emphasizes the strategic importance of this move. It's not just about selling vehicles; it's about paving the way for sustainable transportation solutions that benefit both customers and the environment.

Massive Investment

TII is putting its money where its mouth is, with a whopping investment of Rs 3,000 crore earmarked for this venture. This substantial financial commitment underscores their confidence in the potential of electric mobility.

Green Commitment

Through these initiatives, Tube Investments of India is demonstrating its commitment to driving the electrification of transportation in India. With a focus on both economic growth and environmental sustainability, they're poised to make a significant impact in the years to come.

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CMV360 Says

Tube Investments of India's venture into electric tractors signifies a pivotal step towards sustainable transportation. With innovative offerings, strategic investments, and a commitment to green mobility, they're poised to revolutionize the industry. Their efforts promise economic benefits while addressing environmental concerns, shaping a brighter, greener future.