Tube Investments to launch electric 3-wheel passenger vehicles by March
Murugappa group company Tube Investments of India (TII), makers of iconic bicycle brands like BSA and Hercules, will foray into the electric mobility space by launching three-wheeled electric passenger vehicles from here March 2022, a senior business executive told Business Standard. Subsequently, TII will gradually focus on the segment of freight, scooters and e-rickshaws.
TII, which operates in three business divisions, including engineering, bicycles and metal products, has a market share of around 25 percent in the Indian bicycle market. The company has already started working on another …
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First published: Mon 23 Aug 2021 06:08 IST