Ahmedabad
Triton Electric
Vehicle LLC has signed an agreement with the Gujarat government to set up a
commercial electric vehicle manufacturing plant at Bhuj in the Kutch district
with a total investment of Rs 108 billion.
As per the
agreement, Triton Electric Vehicle will set up the plant over 645-acre land
with an annual production capacity of 50,000 trucks, said a statement from the
office of Chief Minister Bhupendra Patel. The state government will assist in
providing necessary approvals and registration process for the establishment of
this plant in accordance with the existing policy, it said. Triton Electric
Vehicle will start the plant with an initial investment of Rs 12 billion in the
current financial year. The company’s total investment will be Rs 108 billion.
The plant will create direct and indirect employment opportunities for about
10,000 people, the statement said.
The company will
also set up in-house facilities like a robotic paint shop, chassis
sub-assembly, and quality assurance and material testing lab. The agreement was
signed between Rajiv Kumar Gupta, Additional Chief Secretary of Industries and
Mines Department, on behalf of the Gujarat government, and Himanshu Patel,
founder and CEO of Triton
Electric Vehicle, in the presence of the chief minister in
Gandhinagar. The company manufactures electric semi-trucks, SUVs, electric
sedans, defense EVs and e-rickshaws in the US, the release said.
Source:
ET Auto.com
Image Source: Google Image
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