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Tube Investments of India to foray into Three-Wheelers Electric Vehicles

12 Feb 2021 Evaluate

Tube Investments of India (TIL) has received approval for manufacturing and sale of Three-Wheelers Electric Vehicles with an outlay of up to Rs 200 crore.  The board of directors at its meeting held on February 11, 2021 approved the same.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Peers
Company Name CMP
SamvardhanaMotherson 164.00
Tube Investments 2650.00
Bosch 48602.60
UNO Minda 1223.50
Motherson SumiWiring 36.32
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