Opens factory at Ambattur to produce 100 bikes daily CHENNAI: Tube Investments of India (TII), a part of the Rs. 9,582-crore Murugappa Group, has announced its foray into eBikes by kick-starting its factory at Ambattur here. M. M. Murugappan, Chairman, TII, on Thursday, inaugurated the eBikes factory. The factory would have a production capacity of 100 eBikes a day in the low and high-speed categories. These eBikes would be marketed under the aegis of the BSA brand. The market for eBikes is estimated at Rs. 450 crore. The industry is expected to double in a year's time.