Tube Investments' Montra Targets ₹9,600 Cr Revenue By 2030 Driven By Electric Trucks

News Breaking News Tube Investments' Montra Targets ₹9,600 Cr Revenue By 2030 Driven By Electric Trucks Tube Investments' Montra Targets ₹9,600 Cr Revenue By 2030 Driven By Electric Trucks Montra Electric plans to hit ₹9,600 crore in revenue by 2030, leveraging electric trucks to generate 70% of this target. While heavy commercial electric trucks will represent 50% of overall sales, small commercial vehicles and three-wheelers will comprise the remainder, supported by localized battery manufacturing and expanded logistics partnerships.

Share Market snapshot: Tube Investments of India's electric vehicle subsidiary, Montra Electric, has mapped out an aggressive roadmap to achieve a revenue of $1 billion (approximately ₹9,600 crore) by the year 2030. Under this plan, nearly 70% of the targeted top-line expansion will be driven by electric trucks. This marks a significant strategic pivot toward the commercial heavy and light vehicle segments as the primary engines of long-term growth.