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TI Clean Mobility to Set Up E-Tractor Factory in Chennai

Published on July 11, 2023
Current Context: TI Clean Mobility Pvt. Ltd. (TICMPL), a subsidiary of Tube Investments of India Ltd. (TII), has started setting up production facilities for the manufacture of electric tractors for the agriculture segment in Chennai, and electric trucks for the commercial segment at Manesar.
TI Clean Mobility to Set Up E-Tractor Factory in Chennai
  • The company acquired Cellestial E-Mobility to design and build e-tractors and plans to unveil three models of e-tractors in four-wheel drives by FY24.
  • TICMPL is also developing cargo and e-rickshaw variants, which are expected to be unveiled in the second half of fiscal year 2024. 
  • The company aims to raise funds to the tune of 3,000 crore to meet its growth plans.

Question:

Q.1 What is the name of the subsidiary of TII that is setting up the e-tractor factory in Chennai?
a. Cellestial E-Mobility Pvt. Ltd.
b. TI Clean Mobility Pvt. Ltd.
c. Tube Products of India Ltd.
d. Tube Investments of India Ltd.

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