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Home›Bicycle market›Tube Investments to launch electric 3-wheel passenger vehicles by March

Tube Investments to launch electric 3-wheel passenger vehicles by March

By Mona Mi
August 23, 2021
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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

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