Triton Electric to set up EV manufacturing plant in Gujarat

US-based Triton Electric Vehicle LLC signed an agreement with the Gujarat government to set up a commercial electric vehicle manufacturing plant at Bhuj in Kutch district over 645-acre land with an annual production capacity of 50,000 trucks.

The company will invest a total of Rs 10,800 crore and an initial investment of Rs 1,200 crore in the current financial year. The plant will create direct and indirect employment opportunities to about 10,000 people.

The company will also set up in-house facilities like robotic paint shop, chassis sub-assembly and quality assurance and material testing lab. The state government will assist in providing necessary approvals and registration process for the establishment of this plant in accordance with the existing policy.

The agreement was signed between Rajiv Kumar Gupta, Additional Chief Secretary of Industries and Mines Department, on behalf of the Gujarat government and Himanshu Patel, Founder and CEO of Triton Electric Vehicle, in the presence of the Chief Minister in Gandhinagar.

Triton Electric Vehicle manufactures electric semi-trucks, SUVs, electric sedans, defense EVs and e-rickshaws in the US.