The Murugappa Group is accelerating its presence in India’s electric mobility sector through its electric vehicle arm, TI Clean Mobility, with investments nearing Rs 3,000 crore and more capital planned over the next two to three years. Despite the electric commercial vehicle market still being in its early stages, the group remains confident about the long-term opportunity and is continuing to scale its operations across multiple EV segments.
Speaking on the sidelines of a dealership inauguration, Arun Murugappan, Executive Chairman of TI Clean Mobility and Tube Investments of India Limited, said the group has already invested approximately Rs 3,000 crore into its electric mobility business and will continue to invest further as the business expands. He emphasised that while the business is still at a relatively early stage, the group sees strong long-term potential and remains committed to building scale across multiple platforms.
TI Clean Mobility currently operates across four electric platforms covering small commercial vehicles, three-wheelers, electric tractors, and heavy electric trucks. This diversified approach allows the company to address a wide range of commercial mobility needs, from last-mile delivery and urban logistics to agriculture and heavy freight transportation. Manufacturing infrastructure for these platforms is already in place, with production facilities located in Chennai, Pune, and Manesar, providing geographic spread and supply chain resilience.
The company’s immediate focus is on North India, where demand for electric commercial vehicles is rising due to stricter emission norms, growing e-commerce logistics, and state-level incentives promoting clean mobility. However, the group acknowledges that financing remains a significant hurdle for faster adoption, particularly in the commercial vehicle segment where buyers are highly sensitive to upfront costs and return on investment.
Access to affordable financing and leasing options is seen as critical to unlocking mass adoption. Many fleet operators remain cautious about transitioning to electric vehicles due to concerns over residual value, battery life, and the long-term cost of ownership. TI Clean Mobility is therefore working closely with financial institutions and partners to develop financing models that can make EV ownership more viable for small operators and large fleets alike.
Murugappan reiterated that the group’s strategy is not focused on short-term gains but on building a sustainable electric mobility ecosystem. By investing early in manufacturing capacity, platform development, and dealer infrastructure, the group aims to position itself as a long-term leader in India’s commercial EV transition rather than chasing immediate volumes.
As the regulatory environment tightens and the economics of electric mobility continue to improve, Murugappa Group believes that its early and sustained investments will pay off. While challenges around financing, charging infrastructure, and customer education remain, the group’s multi-platform strategy and commitment to continuous investment signal a clear intent to shape the future of India’s electric commercial vehicle market rather than merely participate in it.
