Montra Electric, the electric vehicle (EV) arm of the Murugappa Group, which currently manufactures electric three-wheelers, tractors and tippers, announced it is exploring the manufacture of all classes of electric trucks, from light to heavy-duty. This exploration coincides with the commissioning of its new manufacturing facility in Manesar (Haryana).
The Murugappa Group has allocated ₹3,000 crore for its EV venture, funding its facilities (one in Manesar and two in Tamil Nadu) and new product development.
“We are active in four segments. The first is electric three-wheelers, the second is electric small commercial vehicles, the third is electric agricultural tractors and the fourth is electric commercial vehicles. The ₹3,000 crore outlay covers all four businesses, and a significant p