Murugappas set to plug into electric SCVs
Business Standard|May 14, 2024
This comes days after TI Clean Mobility signed an agreement to raise ₹580 cr
SHINE JACOB

Chennai, 13 May Chennai-based Murugappa Group is set to make a foray into electric small commercial vehicle (eSCV) business.

Tivolt Electric Vehicles, a subsidiary of the group's TI Clean Mobility (TICMPL), plans to launch their eSCV in the next few months. The group is in the process of investing around 3,000 crore in electric vehicles through TI Clean Mobility.

This comes days after TI Clean Mobility signed a definitive agreement to raise ₹580 crore from private equity firm Capital GEF Partners LLC. After closing of the proposed investment from GEF, the overall fund raising would aggregate to ₹2,530 crore.

この記事は Business Standard の May 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の May 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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