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February 25, 2021
Vellayan Subbiah, Managing Director, TII - BIJOY GHOSH×
Working on prototypes with a Korean company
Murugappa Group company Tube Investments of India Ltd (TII) has indicated that its proposed foray into electric three-wheelers is based on a well-planned strategy and the company is confident of making its mark in the segment.
Recently, the company announced its ₹200-crore plan to manufacture and sell electric three-wheelers in the country.
Second attempt
This is the second entry by TII into the electric vehicle segment. In 2008, the company took a plunge into electric two-wheeler segment with the launch of electric scooters under the brand name BSA. While initial months were good, sales stagnated in the following years due to slow market acceptance and withdrawal of government subsidy then. The company discontinued this business later.
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