CHENNAI: Tube Investments of India (TII) has recently diversified into manufacturing electric vehicles in line with its long-term business growth plans and create multiple lines of new business and revenue streams to maintain its growth trajectory.

The Company has identified electronic products and components as a growth vector. India is a major importer of electronic items and parts. Recent policy initiatives from the Centre offering Production Linked Incentives and Phased Manufacturing Programs is expected to boost indigenisation of this growing segment.