Triton, the electric car maker from New Jersey has recently signed an agreement with Bharat Electronics Limited (BEL) to make EVs and ESS.
According to the MoU, BEL will be the exclusive manufacturing partner to Triton in India for supply of the identified products. Triton will provide the know-how and technical documentation required for the manufacturing of these products. For requirements of Energy Storage System (ESS) in India, BEL will address the requirements as a prime contractor and Triton will provide the support as technology/team partner as per Make in India requirements.
Triton has recently announced its Triton N4 sedan model as it gears up to enter Indian market this year. Triton is planning to invest approximately $650 million to $1 billion in setting up a manufacturing facility in India. It has its research and development unit set up in Pune, and it is also in talks with different state authorities to set up its facility in India.
Triton is looking to start manufacturing its first vehicle in 3-6 months from now and aims to roll out the first car by the end of this year.