Tivolt electric vehicles, a part of Murugappa Group and a subsidiary of TI Clean Mobility, plans to launch their e-SCV in the coming months. The launch of the e-SCV will signify the group`s entry into the electric small commercial vehicle space, the company said in a statement on Monday.
Vellayan Subbiah, TII Executive Vice Chairman, said, “The electric vehicle industry is experiencing an exciting phase of development, not only in India but globally as well. We have dedicated our top resources and time to develop this product, and we are looking forward to the customer response upon its launch in the coming months"
Subbiah noted that TICMPL is making impressive strides in the electric vehicle sector with a substantial commitment of three thousand crores. Currently, it is working on four platforms, including the successful MHCV truck and EV three-wheeler already in the market.
"SCV represents the largest category in the commercial vehicle segment, making our entry into this arena particularly thrilling. This segment is primed to adopt EVs swiftly, supported by policies, government initiatives, and increasing adoption rates."
Founded in February 2022 as a subsidiary of Tube Investments of India (TI), TICMPL has dedicated itself to clean mobility solutions. With the inclusion of e-SCVs as its fourth EV platform, TICMPL is now positioned to offer complete mobility solutions to enterprises and logistics companies, serving their needs across intercity, intracity, and last-mile applications, the company statement reads.