TI Clean Mobility has earmarked approximately Rs 471 crore for expansion, with a substantial Rs 320 crore portion allocated to establish a factory in Chennai dedicated to producing electric small commercial vehicles.

A subsidiary of Tube Investments of India Ltd, TI Clean Mobility strategically intends to bolster its manufacturing capabilities across four vehicle segments: electric three-wheelers, electric small commercial vehicles, electric heavy commercial vehicles, and electric tractors.

During the Q4FY24 earnings call, company management outlined anticipated annual production capacities, including 75,000 units for e-three-wheelers, 50,000 units for electric small commercial vehicles, 25,000 units for electric tractors, and 4,500 units for electric heavy commercial vehicles.

TI Clean Mobility is gearing up to unveil its electric small commercial vehicle under the Tivolt Electric Vehicles subsidiary in the second quarter of the fiscal year. This vehicle will be marketed under the Montra brand, known for its electric three-wheelers.