Image Source: 91Trucks
Montra Electric, the Murugappa Group’s mobility arm, is preparing multiple electric vehicle launches in 2026 while setting its sights on Africa and South Asia for exports. With a focus on trucks, three-wheelers, and small commercial vehicles, the company aims to become a billion-dollar enterprise by the decade’s end.
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Montra Electric is accelerating its growth strategy with a series of product launches this year, marking a significant step in its ambition to expand globally. The Chennai-based company is positioning itself as a key player in the EV ecosystem, with exports planned for Africa and South Asia beginning in FY26.
Key Highlights
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The company expects electric trucks to contribute nearly 50 percent of its revenue, supported by three-wheelers, small commercial vehicles, and tractors.
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Plans include the introduction of a new small commercial vehicle in 2026, followed by light commercial vehicles to strengthen its portfolio.
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Africa and South Asia have been identified as priority export markets, reflecting rising demand for sustainable mobility solutions in emerging economies.
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Montra Electric has set a long-term target of achieving $1 billion in revenue by the end of this decade.
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The expansion strategy aligns with India’s broader EV adoption push and positions Montra as a competitive force in both domestic and international markets.
Sources: ETAuto, The Hindu BusinessLine, Truck Bus India
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