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.
Production
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.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.