Tube Investments of India, a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains, announced it has incorporated TI Clean Mobility Private Limited,(TCMPL), a wholly-owned subsidiary of the company on February 12, 2022.
According to the company’s exchange filing, “we would like to inform that the Company viz., Tube Investments of India Limited has incorporated a wholly owned subsidiary, viz., TI Clean Mobility Private Limited on 12th February, 2022 as per the Certificate of Incorporation received today (14th February, 2022).”
TCMPL has been incorporated to undertake and carry on the business of designing, developing, manufacturing, assembling, altering, repairing, maintaining, providing services, acquiring, investing, collaborating, trade or otherwise deal in all types of mobility products/vehicles, automotive, clean mobility products/vehicles including electric vehicles, hybrid vehicles and vehicles propelled with renewable energy or other energy/fuel and related components, parts, accessories, subassemblies and ancillary products, according to the company’s statement.
TCMPL would also engage in the business of and deal in all types of clean or solar/renewable energy or other energy related products/systems/solutions including motors, power trains, modules, batteries/other storing devices, power devices, generators, turbines, fuels/fuel cells, control/transmission equipment, instruments and charging stations/infrastructure, the company added.
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