Triton EV with Four Major Companies to Develop Asia’s Biggest EV Manufacturing Hub in Gujarat

The investment of Rs 10800 Crores is expected over a span of the next five years to establish Asia’s biggest EV Manufacturing hub in Gujarat with a strong ‘Make in India’ vision.

-

New Delhi/Ahmedabad 05th April 2022: In a landmark development of taking the Indian EV Journey to a global leadership position, Triton EV has signed an MoU with the Gujarat State Government for setting up the world’s iconic EV Truck Manufacturing Plant with a minimum investment commitment of Rs 10 Thousand Eight Hundred Crore over a span of 5 years.

The Triton EV Truck Manufacturing facility in Gujarat will have end-to-end and integrated EV Truck Manufacturing and will be a state of the art example of a ‘Make in India’ product.

The factory will be spread across 2000 Acres of Land and will be manufacturing over 98% of the entire Triton EV Semi Truck from the faculty itself. This factory of Triton EV will set an example of a complete Make in India EV product by curbing the import dependency.

Triton EV

On the occasion of the signing of MoU, Hon’ble Chief Minister of Gujarat State, Shri Bhupendrabhai Patel and Mr Himanshu B Patel, Founder and MD of Triton EV along with Shri Rajiv Gupta, Chief Secretary Government of Gujarat were present at the signing of MoU at the Gujarat State Government Secretariat, AhmedabaWhile welcoming Triton EV to his state, Shri Bhupendrabhai Patel mentioned, “India is undoubtedly becoming a world leader in multiple areas. EV is one of them and with such investment from Triton EV we are excited to look at the journey ahead. This manufacturing plant will not only create jobs but will also become a major driver of India’s exports output. Gujarat as a state is known for its entrepreneurial commitments over the last few decades and Gujarat is known for its economic success stories. This (Triton EV) will be the next level of our success stories.”

“This is a very important milestone for us as well as for the Indian EV Manufacturing space. We are extremely excited to sign this MoU with the Gujarat Government as we are all set to build a great Integrated manufacturing ecosystem for EVs which will be known as the world’s finest EV manufacturing hub.  This eventually will also be the world’s leading and Asia’s biggest hub in its own category. We are thankful to the Hon’ble Chief Minister of Gujarat for believing in our vision and plan. The EV Manufacturing hub in Gujarat will generate employment for over 10 thousand people in the next 5 years,” informs Himanshu B Patel, Founder & MD of Triton EV.

The TritonEV Manufacturing hub or the mega EV campus in Gujarat will have investments through five major organizations:

  • Triton Electric Vehicle LLC (TEVL) (The New Jersey, USA headquartered parent organization of Triton EV India)
  • Triton Electric Vehicle India Pvt Ltd. – fully owned subsidiary of TEVL
  • Bharat Electronics Limited (BEL) – This will be responsible for the manufacturing of batteries for EVs.
  • Triton EV Technologies India Pvt Ltd – Through this, circuit board manufacturing will be taken care of.
  • Kaynes Technology India Ltd.– will manufacture semiconductors for the EVs
  • Triton Testing & Homologation India Pvt. Ltd – This entity will take care of testing and homologation services for the EVs
  • Horizon Microtech Pvt. Ltd. – for the wire harness solutions offered for the EVs.

Support Indian Spectator, follow us on Google News. Submit your opinion and guest articles on Info.indianspectator@gmail.com

IS NewsDesk
IS NewsDesk
Stories curated by our interns and news crew. Originally reported or general compilation from various available sources and news agencies.

Latest News

Sanjay Ghodawat Honored with Lifetime Achievement Award for Outstanding Contributions

Sanjay Ghodawat, the founder and chairman of the Sanjay Ghodawat Group (SGG), has been awarded the Lifetime Excellence Award...

RRR’s Naatu Naatu Shines in Oscar 2023 bags Best Original Song at the 95th Academy Awards

It's official! India has taken the world by storm at the 2023 Oscars, with not one but two wins...

7 Chai Startups Revolutionizing the Way India Drinks Tea

India's love for chai, or tea, is unparalleled. It's a ubiquitous drink that's consumed across the country, from bustling...

National Income: Definition, Measurement, and Significance for the Economy Explained

National income is a term that is often used to measure the economic growth and development of a country....

ED investigates Land for Job Scam, conducts searches across Delhi NCR, Patna, Mumbai, and Ranchi

In a massive operation, the Enforcement Directorate (ED) conducted simultaneous raids in four cities across India, leading to the...

Triton EV showcases Electric Truck & R&D Centre for International Women’s Day

To celebrate International Women's Day 2023, Triton Electric Vehicle granted female auto and clean tech fans a special tour...

Estranged Wife of Nawazuddin Siddiqui Claims Actor Disowned Her and Their Kids

A woman named Aaliya Siddiqui said that her husband, Nawazuddin Siddiqui, kicked her and their kids out of their...

An OYO Customer Takes to LinkedIn to Complain About OYO Service

A customer of OYO Rooms, Noby Skariah, has taken to LinkedIn to express their disappointment about the company's service....