Following Tesla, another American electric car maker Triton-EV has set up its office in India as it aims to build the nation as one of the biggest markets for its electric vehicles (EVs) outside the US.
The New Jersey-headquartered Triton-EV is the electric mobility arm of Triton Solar, a US-based solar panel and battery engineering firm. It has registered the Indian subsidiary by the name of Triton Electric Vehicles India in New Delhi.
Like Tesla, Triton EV plans to produce electric cars in India. The company is in discussion with a few Indian states for setting up a well-equipped EV car manufacturing base in India with all the advanced technologies and state-of-the-art infrastructure.
The India manufacturing facility will produce electric cars for India and other countries such as Bangladesh, Sri Lanka, Nepal, the Middle East, and Africa. It is estimated to employ over 21,000 people over the next three years.
“We are considering our India’s entry very critical and important for the company as well as for the entire industry. EV has a robust future for Indian roads as well as for many parts of the world. The government authorities are also working very seriously in pushing the culture of EVs in India. We at Triton EV are committed to producing best-in-class EVs for India,” said Himanshu B Patel, founder and chief executive officer of Triton EV.
The company expects a substantial amount of export revenue from its manufacturing setup.
The India factory will not be just an assembly line for the cars, but will produce most of the critical products and components required in an EV.
The company recently signed a memorandum of understanding with state-run engineering major Bharat Heavy Electricals Limited to supply the identified products, including energy storage systems. As per the MoU, BHEL will manufacture these products with Triton providing the requisite know-how and technical documentation.
Triton EV is involved in the energy storage system business ranging from transportable small battery packs to a 10 MWh battery storage unit for customers in the USA and abroad for applications like energy generation, load management, EV charging stations, etc. It is also involved in the manufacturing of electric vehicles using battery technologies developed by them.
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