PM E-DRIVE certification alters economics of heavy E-trucks as Montra Electric delivers first Rhino 5538 EV
Montra Electric, the e-M&HCV arm of TI Clean Mobility under the Murugappa Group, has crossed a pivotal inflection point for India’s heavy-truck electrification by becoming the first manufacturer to secure PM E-DRIVE certification for an N3 electric truck. The milestone was marked with the delivery of the first PM E-DRIVE–certified Rhino 5538 EV 6x4 tractor trailer to UltraTech Cement Limited.
From an economic standpoint, the certification materially improves total cost of ownership. Under the ₹10,900-crore PM E-DRIVE programme, ₹500 crore is earmarked for e-trucks, translating into incentives of up to ₹9.6 lakh per vehicle for the Rhino 5538 EV. This reduces upfront acquisition costs while lowering long-term operating expenses through fuel savings, reduced maintenance, and insulati...










