Even as Tesla is hemming and hawing over its entry into India, its rival, Triton EV has signed an MoU with the Gujarat government for setting up an EV truck manufacturing plant with a minimum investment commitment of Rs 10,800 crore over a span of 5 years.
The Triton EV truck manufacturing facility in Gujarat will be a state-of-the-art example of a ‘Make in India’ product. The factory will be spread across 645 acres of land and will be manufacturing over 98% of the entire Triton EV semi truck from the facility itself, curbing the import dependency. The EV truck manufacturing facility is, in the fullness of time, expected to grow into an EV ecosystem hub spread over 2000 acres of land.
"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 an 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," Himanshu B Patel, Founder & MD of Triton EV said.
The EV manufacturing hub in Gujarat is expected to generate employment for over 10 thousand people in the next 5 years.
Triton talking with other Indian States for electric car manufacture
Triton EV will start the plant with an initial investment of Rs 1,200 crore in the current financial year. The company will also set up in-house facilities like robotic paint shop, chassis sub-assembly and quality assurance and material testing lab.
A statement from the Gujarat government said the Triton EV manufacturing hub in Gujarat will have investments through many major organisations: 1. Triton Electric Vehicle LLC (TEVL) (The New Jersey, USA headquartered parent organization of Triton EV India). 2. Triton Electric Vehicle India Pvt Ltd. - fully owned subsidiary of TEVL. 3. Bharat Electronics Limited (BEL) - This will be responsible for the manufacturing of batteries for EVs. 4. Triton EV Technologies India Pvt Ltd - Through this, circuit board manufacturing will be taken care of. 5. Kaynes Technology India Ltd.- This will manufacture semiconductors for the EVs. 6. Triton Testing & Homologation India Pvt. Ltd - This entity will take care of testing and homologation services for the EVs. 7. Horizon Microtech Pvt. Ltd. - for the wire harness solutions offered for the EVs.
Triton, the EV company headquartered in New Jersey, USA, is also in talks with several Indian State governments for setting up a well-equipped EV car manufacturing base in India.
Also, Triton Electric has already tied up with Telangana government for establishing a manufacturing unit for electric buses at the National Investment and Manufacturing Zone (NIMZ), Zaheerabad. The company has committed itself an investment of Rs 2,100 crore in Telangana.
Triton manufactures electric semi-trucks, SUVs, electric sedans, defense EVs and e-rickshaws in the US.
