TI Clean Mobility eyes $1 bn turnover in 4-5 years

TI Clean Mobility, a Murugappa Group firm, aims for a USD 1 billion turnover in 4-5 years, driven by new electric vehicle launches. Having raised Rs 3,000 crore, the company will introduce electric tractors, HCV variants, and explore electric ambulances and e-rickshaws. The company anticipates significant revenue contributions from HCVs, SCVs, three-wheelers, and tractors, leveraging existing manufacturing capacities.