By Priya Singh
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With a 1.5-month order book, TICMPL is actively growing its dealer network to the north in order to strengthen its market presence in the next quarters.
TI Clean Mobility Pvt. Ltd. (TICMPL), will introduce an electric tractor in the first quarter of fiscal year 2025. The electric tractor is expected to be available for purchase in the first fiscal quarter of 2025.
TI Clean Mobility Pvt. Ltd. (TICMPL), a subsidiary of Tube Investments of India Ltd., has revealed its plan to introduce an electric tractor in the first quarter of fiscal year 2025.
According to TII Executive Vice Chairman Vellayan Subbiah, the company hopes to get approval for the electric tractor in the first quarter of fiscal year 2024. During an earnings call, Subbiah reaffirmed the company's goal of getting approval and certification in the first quarter of the next calendar year.
The electric tractor is expected to be available for purchase in the first fiscal quarter of 2025. The first phase in this process will be the Validation of the first model, a 27-horsepower equivalent, between January and March of the following year. As a result, production is expected to begin between April and June.
TICMPL has recently released the Montra electric vehicle in addition to its electric tractor endeavour. However, they are currently experiencing supply chain issues. K.K. Paul, Managing Director of TICMPL, expressed optimism that these challenges are being rectified by close engagement with their vendors to address printed circuit boards (PCB) concerns.
Paul also emphasized the company's rising success, stating that volumes are increasing month after month. They are on course to outperform the previous month's performance this month, and their monthly volumes are doubling.
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With a 1.5-month order book, TICMPL is actively growing its dealer network to the north in order to strengthen its market presence in the next quarters. By the end of the year, the business expects to have a dealer network of around 72 to 73 dealers, up from the 42(present number of dealers), to satisfy growing demand and consumer expectations.
The developments of TICMPL's electric tractor project and their commitment to overcoming supply chain challenges reflect their determination to make a mark in the electric mobility sector, contributing to India's sustainable and eco-friendly transportation solutions.
These initiatives align with the growing global emphasis on electric vehicles and cleaner modes of transportation, and they position TICMPL as a significant player in this evolving market.