Murugappa Group's Tube Investments of India (TII) is all set to expand its presence in the electric vehicles segment through a series of launches.

The launches include a three-wheeler cargo, rickshaw, tractors and four variants of electric heavy commercial vehicles (HCVs).

“We are not just going to remain with L5M in three-wheelers, we are going to come up with a Cargo version in the next three months, followed by e-rickshaw,” said Kalyan Kumar Paul, managing director – TICMPL.

“In tractors, we are in the process of homologating our first product, which is a 27 horsepower equivalent. We are currently building the prototypes for field trials and for homologation. It will be with the brand name of Montra. In the small commercial vehicles, we are building the prototypes, testing the alpha vehicles on the road. Once we have tested this, we will be sending for homologation and by April or June of next year, we should be in the market,” Paul added.

In the three-wheeler segment, the company is planning to aggressively foray into performing markets – including Uttar Pradesh, Bihar, Assam, Tripura, Kerala and Jammu and Kashmir.

According to Paul, these states account for 70 per cent of the industry volume and it is appointing dealers in all these key markets. At present, the company has 47 dealers (42 in the South) and has set a target of having 75 dealers by the end of this year.