In a major push in Gujarat's electric vehicle (EV) manufacturing sector, US-based Triton EV inked an MoU with the state government to set up EV truck manufacturing plant with a minimum investment of £1.08 billion over five years in Kutch district. An investment of £120 million will be made in the financial year 2022-23. The plant will provide direct and indirect employment opportunities to about 10,000 people. It will be spread across 645 acres with a production capacity of 50,000 trucks.
The MoU was signed between Himanshu Patel, founder and managing director, Triton EV, and, additional chief secretary, Rajiv Gupta, in the presence of CM Bhupendra Patel. It will also set up inhouse facilities like chassis and cabin, robotic paint shop, chassis sub assembly and quality assurance and material testing lab.
Triton EV specialises in manufacturing lithium battery cells and electric vehicle controllers in addition to long-range EVs. The company manufactures electric semi-trucks, SUVs, electric sedans, defence electric vehicles and electric rickshaws in the US. The state government will assist in the necessary permits, approvals and registration procedures for the establishment of this plant in accordance with the existing policy-rules.
