Triton Electric Vehicle Pvt Ltd has entered into a MoU with the Telangana government for setting up a manufacturing unit for electric vehicles at the National Investment & Manufacturing Zone at Zaheerabad. The mou was signed between Principal Secretary for IT and Industries Jayesh Ranjan and Triton Electric Vehicle Pvt Ltd India development head M Mansoor in the presence of IT and Industries Minister KT Rama Rao.The government will extend complete support for the company to acquire the necessary approvals for setting up the facility.
Telangana government will provide the required land to the firm through Telangana State Industrial Infrastructure Corporation at NIMZ Zaheerabad..
The total investment is of INR 2,100 Crore wherein Triton Electric Vehicle Pvt.Ltd will establish an ultra-modern electric vehicle manufacturing unit in Telangana. It will also provide employment to more than 25,000 persons and produce 50,000 vehicles over the first five years, including semi-trucks, sedans, luxury SUVs, and rickshaws..