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Triton to Set Up EV Truck Manufacturing Plant in Gujarat

An investment of Rs 1,200 crore will be made in the financial year 2022-23.

Recently, the US-based Triton EV signed a memorandum of Understanding (MoU) with the government of Gujarat to set up EV truck manufacturing plant.

Triton
(L-R) Himanshu Patel, MD and CEO, Triton EV inked an MoU with the Gujarat government in presence of CM Bhupendra Patel and ACS Rajiv Kumar Gupta to set up an EV manufacturing unit in Kutch (Courtesy- TOI)

The plan is to invest a minimum of Rs 10,800 crore over five years period. An investment of Rs 1,200 crore will be made in the financial year 2022-23.

This huge collaboration will get 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.

This agreement was signed by Himanshu Patel, Founder and Managing Director, Triton EV, and, Additional Chief Secretary, Rajiv Gupta, in the presence of Gujarat CM Bhupendra Patel.

The property measurement is 645 acres with a production capacity of 50,000 trucks. They also announced to make in-house facilities like chassis and cabin, robotic paint shop, chassis sub-assembly, and quality assurance and material testing lab.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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