Triton Electric Vehicle LLC, a USA-based company signs an agreement with the government of Gujarat and will invest Rs 10,800 crore to set up a manufacturing unit at Bhuj, Kutch.
The plant will be spread across 645 acres of land and which manufacture 50,000 trucks in a year. Gujarat government will provide necessary approvals and assist in the registration process under the agreement terms.
In the current financial year, Triton EV will invest Rs 1,200 crore to set up the plant. The unit will also create various direct and indirect job opportunities for about 10,000 people.
The agreement was signed by Himanshu Patel, founder, and CEO of Triton Electric Vehicle, and Rajiv Kumar Gupta, Additional Chief Secretary of Industries and Mines Department in the presence of Gujarat’s Chief Minister.
Triton EV manufactures electric SUVs, sedans, semi-trucks, electric rickshaws, and others in the USA.
