The Murugappa Group's electric vehicle division is betting greater localization and higher sales, as it chases a target of achieving $1 billion revenue and profitability by 2030. The Chennai-based group is amping up all four EV divisions—passenger three-wheelers, small commercial vehicles, electric trucks and electric tractors—a top company executive at Montra Electric said. Montra is brand name for TI Clean Mobility Pvt. Ltd, a unit of publicly listed Murugappa company Tube Investments of India Ltd. “We ...