TII Gears Up: ₹650 Crore Bet on EVs and Med-Tech

Tube Investments of India has announced plans to invest between ₹600 crore and ₹650 crore during the current financial year to expand its presence in medical equipment manufacturing and electric mobility.

The company stated that ₹300–350 crore will be deployed as capital expenditure, while an additional ₹300 crore will be invested in its subsidiary, TI Clean Mobility. The investments are aimed at accelerating the company’s next phase of growth through diversification into technology-driven and high-demand sectors.

According to management, the planned investments will support the expansion of manufacturing capabilities, strengthen product development, and enhance long-term value creation across its emerging business verticals.

Tube Investments of India’s focus on electric mobility and healthcare equipment reflects broader industry trends linked to vehicle electrification and the rapid expansion of healthcare infrastructure in India.

News by Rahul Yelligetti.