Archive · 20 Jun 2025
TI Clean Mobility Aims for $1 Billion Turnover by FY29/30
TI Clean Mobility, a company making electric vehicles, wants to make a lot more money in the next few years.
They're aiming for $1 billion in sales!
They're planning to sell more electric trucks, small delivery vehicles, and three-wheeled vehicles for carrying cargo.
They are also working on electric tractors and electric ambulances.
They have already raised money and are building more factories to make these vehicles.
Their new cargo three-wheeler has a long driving range and can charge up quickly.
The company wants to sell its vehicles in more places and is expanding its market.
TI Clean Mobility aims for $1 billion turnover in 4-5 years.
The company will fast-track the introduction of new electric vehicles.
TI Clean Mobility entered the three-wheeler cargo segment.
The company is investing in new product development and expanding manufacturing.
The company plans to launch new electric vehicle models, including an electric tractor and electric ambulances.
- Who
- TI Clean Mobility Pvt Ltd, a Murugappa Group firm, is the company in focus.
- What
- TI Clean Mobility aims for a $1 billion turnover by FY29 or FY30 and is expanding its electric vehicle offerings.
- When
- The target is to achieve $1 billion turnover in the next 4-5 years, by FY29 or FY30.
- Where
- The company has manufacturing units in and around Chennai and in Manesar, Haryana, India.
- Why
- The company wants to expand its business and introduce new electric vehicle models to reach its financial goals.
- Target Turnover
- $1 billion
- Timeline
- 4-5 years (FY29 or FY30)
- FY25 Turnover
- ₹650 crore
- New Products
- Electric tractor, electric ambulance, and cargo three-wheelers
- HCV Capacity
- 6,000 units per annum
- SCV Capacity
- 50,000 units per annum
- Three-wheeler Capacity
- 70,000 units per annum
- Tractor Capacity
- 25,000 units per annum