Tube Investments of India launches captive electric-3-WTIINDIA - 3422 Change: -39.20 (-1.13 %)
News: As per media sources, Tube Investments wholly owned subsidiary in the e-mobility domain i.e. TI Clean Mobility has launched its electric 3-W (Montra Electric) at ex-showroom price of Rs 3 lakh and is available in two battery capacity i.e 10 Kwh & 7.6 Kwh offering range of 197 km & 155 km, respectively. The deliveries of the same are expected to start from October 2022.
View: Launch of electric 3-W was on expected lines and was long awaited by the Street. The company’s E-3W will compete with Mahindra’s Tero, which is available at similar pricing and range. Going forward, key monitorable would be the volume ramp-up and market share gains by the company in this domain.