Latest news with #MurugappaGroup
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Business Standard
12 hours ago
- Automotive
- Business Standard
TI Clean Mobility aims for $1 billion turnover by FY30 with EV push
Murugappa Group firm TI Clean Mobility is targeting a turnover of ₹1 billion in the next 4-5 years for which it will fast-track introduction of new electric vehicles, its Managing Director Jalaj Gupta said on Friday. The company, which sells a range of electric vehicles, including heavy and small commercial vehicles, tractor and passenger three-wheelers under the 'Montra Electric' brand on Friday announced its foray into three-wheeler cargo segment. "Our larger objective is to be a ₹ 1 billion turnover (firm) all put together... We are looking at a time frame of four to five years, FY29 or FY30, to achieve this," Gupta told PTI here. In FY25, he said the company clocked a consolidated turnover of Rs 650 crore. The company has completed raising of Rs 3,000 crore and currently investments are ongoing in various aspects, including new product development, he added. In the next 6 to 12 months, he said the company is looking at adding an electric tractor in the 40-50 horse power (HP) segment to the existing 27 HP. Besides, the company is planning to launch variants in the heavy commercial vehicle (HCV) segment, inducing tippers. In the small vehicle segment (SCV), Gupta said TI Clean Mobility Pvt Ltd (TICMPL) is looking at electric ambulance to tap opportunity of subsidy offered by the government, besides electric bus on its existing 3.5 tonne platform. As for electric three-wheelers, the company will look at entering e-rickshaw segment, while also considering to offer "either a lower or higher battery" option over and above its existing 10.6 kilowatt battery that powers the passenger autorickshaw at present, Gupta said. On its ₹ 1 billion target, he said, "About 50 per cent should be coming from the HCV, 20 per cent from SCV, 20 per cent from three-wheeler and 10 per cent from tractor business." Further, Gupta said TICMPL has invested in four manufacturing units -- three in and around Chennai and one in Manesar, Haryana -- to produce its range of electric vehicles. "We have already created capacities which we feel are sufficient to take care of at least next couple of years," he noted. The HCV facility at Manesar has an annual capacity of up to 6,000 units. For SCV, the company has an annual capacity of 50,000 units and the three-wheeler capacity is 70,000 units across passenger and cargo variants. Gupta said the company's electric tractor production capacity is 25,000 units per annum. TICMPL's new electric three-wheeler SUPER CARGO prices start at Rs 4.37 lakh (ex-showroom Delhi, post-subsidy) and marks the company's entry in the highly strategic last-mile delivery space. It has a range of over 200 km on standard testing conditions and real-life range of 170 km, the company said. It is powered by a 13.8 kWh lithium-ion battery and will also be available with a 15-minute 100 per cent charging option. In the three-wheeler segment, the company has a presence in 101 different markets in India and plans to reach 150 markets in FY26. It has sold over 10,000 units so far.
Time of India
13 hours ago
- Automotive
- Time of India
Montra Electric launches Super Cargo electric three-wheeler in Delhi
Montra Electric , the electric mobility brand of the Murugappa Group , has launched its new cargo electric three-wheeler , the Super Cargo , in Delhi. The launch is part of the company's efforts to address the growing demand for electric last-mile cargo transport in India. The Super Cargo is powered by a 13.8 kWh lithium-ion battery and offers a certified range of over 200 km, with a real-life on-road range of 170 km. The starting price is ₹4.37 lakh (ex-showroom Delhi, post-subsidy). The vehicle comes with a five-year or 1.75 lakh km battery warranty. The new model is available in three body configurations—170 cubic feet, 140 cubic feet, and a tray deck. Montra Electric has also introduced two variants, Tray eQX and 170 eQX d+, which feature a 15-minute full-charge capability enabled through a partnership with Exponent Energy. Designed for urban and fleet use Jalaj Gupta, Managing Director of TI Clean Mobility Private Limited, launched the Super Cargo and signed Memorandums of Understanding (MoUs) for more than 200 unit deliveries at the event. He stated, 'The launch of the Montra Electric Super Cargo marks a significant milestone in our growth journey, as we strengthen our presence in the last-mile delivery segment. Entering the mid- and last-mile cargo segment has always been a strategic priority—and with SUPER CARGO, we are proud to bring that vision to life.' The Super Cargo features a powertrain producing 70 Nm of torque and 11 kW peak power, with 23 per cent gradeability and a gross vehicle weight of 1.2 tonnes. It includes features such as front disc brakes, hill-hold, reverse assist, seat belt provisions, regenerative braking, and multiple drive modes. The vehicle is constructed on a Boron Steel chassis and includes a 6.2-foot load tray. It is designed to serve both fleet operators and independent business owners, and is available through Montra Electric showrooms in more than 90 cities across India. Partnership with exponent energy Arun Vinayak, Co-Founder of Exponent Energy, said, 'We are excited to partner with Montra Electric. Our 15-minute 100 per cent charging solution has been well accepted by the market for its potential to unlock higher asset utilisation. We will closely work with the brand to expand our charging network in line with customer requirements.' The Super Cargo is available in four colours: Chilli Red, Steel Grey, Indian Blue, and Stallion Brown.
Time of India
13 hours ago
- Automotive
- Time of India
TI Clean Mobility eyes $1 bn turnover in 4-5 years
Murugappa Group firm TI Clean Mobility is targeting a turnover of USD 1 billion in the next 4-5 years for which it will fast-track introduction of new electric vehicles , its Managing Director Jalaj Gupta said on Friday. The company, which sells a range of electric vehicles, including heavy and small commercial vehicles, tractor and passenger three-wheelers under the 'Montra Electric' brand on Friday announced its foray into three-wheeler cargo segment . "Our larger objective is to be a USD 1 billion turnover (firm) all put together... We are looking at a time frame of four to five years, FY29 or FY30, to achieve this," Gupta told PTI here. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. EV calculator How much will I save if I choose an electric vehicle? SELECT vehicle type Calculate by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo In FY25, he said the company clocked a consolidated turnover of Rs 650 crore. The company has completed raising of Rs 3,000 crore and currently investments are ongoing in various aspects, including new product development, he added. Live Events In the next 6 to 12 months, he said the company is looking at adding an electric tractor in the 40-50 horse power (HP) segment to the existing 27 HP. Besides, the company is planning to launch variants in the heavy commercial vehicle (HCV) segment, inducing tippers. In the small vehicle segment (SCV), Gupta said TI Clean Mobility Pvt Ltd (TICMPL) is looking at electric ambulance to tap opportunity of subsidy offered by the government, besides electric bus on its existing 3.5 tonne platform. As for electric three-wheelers, the company will look at entering e-rickshaw segment, while also considering to offer "either a lower or higher battery" option over and above its existing 10.6 kilowatt battery that powers the passenger autorickshaw at present, Gupta said. On its USD 1 billion target, he said, "About 50 per cent should be coming from the HCV, 20 per cent from SCV, 20 per cent from three-wheeler and 10 per cent from tractor business." Further, Gupta said TICMPL has invested in four manufacturing units -- three in and around Chennai and one in Manesar, Haryana -- to produce its range of electric vehicles. "We have already created capacities which we feel are sufficient to take care of at least next couple of years," he noted. The HCV facility at Manesar has an annual capacity of up to 6,000 units. For SCV, the company has an annual capacity of 50,000 units and the three-wheeler capacity is 70,000 units across passenger and cargo variants. Gupta said the company's electric tractor production capacity is 25,000 units per annum. TICMPL's new electric three-wheeler SUPER CARGO prices start at Rs 4.37 lakh (ex-showroom Delhi, post-subsidy) and marks the company's entry in the highly strategic last-mile delivery space. It has a range of over 200 km on standard testing conditions and real-life range of 170 km, the company said. It is powered by a 13.8 kWh lithium-ion battery and will also be available with a 15-minute 100 per cent charging option. In the three-wheeler segment, the company has a presence in 101 different markets in India and plans to reach 150 markets in FY26. It has sold over 10,000 units so far.
The Hindu
11-06-2025
- Automotive
- The Hindu
Murugappa Group unveils e-three wheeler with 170 km range
Montra Electric, the clean mobility brand of the Murugappa Group, unveiled its electric three-wheeler SUPER CARGO in Bengaluru on Wednesday. The vehicle, priced at ₹4.37 lakh (ex-showroom Bengaluru, post subsidy) is set to revolutionise the last-mile 3W cargo category by addressing the current market gaps and empowering customers to earn more with uncompromised range and power, the company said. Roy Kurian, Business Head – Last Mile Mobility, Montra Electric said, 'Montra Electric SUPER CARGO is engineered with deep customer insights. It is packaged with unique features, and the 15-minute full charging option is a great benefit for B2B players. The Super Cargo is well-suited for a variety of applications for both fleet operators and individual entrepreneurs. Our expanding dealer network assures uptime across the nation.' According to the company, SUPER CARGO features a 13.8 kWh lithium-ion battery with a road range of 170 km. Its powerful drivetrain produces 70 Nm torque and 11 kW peak power with 23% gradeability. With a 1.2-tonne gross vehicle weight, the vehicle is engineered to carry all types of loads with ease. The three wheeler is available in three configurations: 170 cu. ft, 140 cu. ft, and tray deck. The SUPER CARGO will also be available with a 15-minute 100% charging option, powered by Exponent Energy. SUPER CARGO has the longest wheelbase in its category, providing a spacious driver cabin and a 6.2-feet load tray ideal for large delivery applications. Bookings are open across exclusive showrooms in over 90 cities. The vehicle is available in three cargo body variants: Tray eCX, 140 cubic feet eCX d, and 170 cubic feet eCX d+. Super Cargo is available in four attractive colours: Chilli Red, Steel Grey, Indian Blue, and Stallion Brown.
Time of India
11-06-2025
- Automotive
- Time of India
Montra Electric launches Super Cargo electric three-wheeler in Bengaluru
Montra Electric , the clean mobility brand of the Murugappa Group, has introduced its new electric three-wheeler-- Super Cargo-- aimed at the last-mile cargo delivery segment. The vehicle was launched in Bengaluru by Jalaj Gupta, Managing Director of TI Clean Mobility Private Limited, along with other senior company officials. The Super Cargo is offered with a 13.8 kWh lithium-ion battery that delivers a certified range of over 200 km and an on-road range of 170 km. It produces 11 kW of peak power and 70 Nm of torque and features a 1.2-tonne gross vehicle weight, 23% gradeability, and a boron steel chassis. The vehicle is available in three cargo configurations: 170 cubic feet, 140 cubic feet, and tray deck. Charging, configurations, and availability The Super Cargo will also be offered with a 15-minute full charging option in partnership with Exponent Energy. This feature is available on two variants—Tray eQX and 170 eQX d+. The model is now open for bookings across 90 cities and comes in four colours: Chilli Red, Steel Grey, Indian Blue, and Stallion Brown. Prices begin at ₹4.37 lakh (ex-showroom, Bengaluru, post-subsidy), and it includes a 5-year or 1.75 lakh km battery warranty. Industry focus and expansion plans Jalaj Gupta stated: 'The addition of the Montra Electric Super Cargo to our product portfolio marks an exciting new chapter of growth for us in the last-mile delivery segment. While we began our journey in the passenger 3-wheeler space with Super Auto and expanded into first-mile logistics with our Rhino heavy trucks, one segment we always wanted to make a foray into is cargo for mid and last mile.' 'With Eviator, we have already made inroads into the mid-mile segment. And now, with the launch of the Super Cargo, we are entering the last-mile delivery space,' he added. Roy Kurian, Business Head – Last Mile Mobility, Montra Electric, noted: 'Montra Electric Super Cargo is engineered with deep customer insights. It is packaged with unique features, and the 15-minute full charging option is a benefit for B2B players. The vehicle is suited for applications for both fleet operators and individual entrepreneurs.' Arun Vinayak, Co-founder of Exponent Energy, said: 'We are excited to partner with Montra Electric. Our 15-minute 100% charging solution has been well accepted by the market for its potential to unlock higher asset utilisation. We will work with the brand to expand our charging network in line with customer requirements across the cities they are present in.' Safety features on the Super Cargo include disc brakes, hill hold, reverse assist, seatbelt provision, regenerative braking, and multiple drive modes. The vehicle also features a long wheelbase and a 6.2-foot load tray.
