Triton Electric to Make India EV Hub; 21k Jobs to be Created in 3 Yrs in India Mfg Plant

In line with its strategy of tapping the emerging electric vehicles (EV) market in India, US-based Triton Electric Vehicle LLC has recently registered a subsidiary unit in the country with the name of Triton Electric Vehicles India Pvt Ltd.

March 16, 2021. By Manu Tayal

In line with its strategy of tapping the emerging electric vehicles (EV) market in India, US-based Triton Electric Vehicle LLC has recently registered a subsidiary unit in the country with the name of Triton Electric Vehicles India Pvt Ltd.

The newly formed entity will work towards building the country as one of the biggest markets for Triton EV outside the US, as per the PTI report.

Without sharing details about the investment or location, the New Jersey-headquartered Triton Electric said that its manufacturing facility in the country would cater to the Indian market and other countries such as Bangladesh, Sri Lanka, Nepal, the Middle East region and Africa.

It also claimed that around 21,000 people will be employed through its manufacturing plant over the next 3 years.

Commenting on the development, Himanshu B Patel, founder and CEO of Triton EV said quoted PTI that “we are considering India entry very critical and important for the company as well as for the entire industry. EV has a very strong 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.”

The company is committed to producing best in class EVs for India, he added.

“We expect a substantial amount of export revenue from this manufacturing set up. We aim to cater to the needs of many countries for electric vehicles from the Indian manufacturing base,” Patel said.

The company’s manufacturing facility will not only be an assembly line for the cars, but also produce EV components, he added.

Triton Electric Vehicle is a subsidiary of Cherry Hill (New Jersey) based Triton Solar, a leader in solar panel and battery engineering.

In order to get edge over its potential partners in India, the company introduced electric cars in India with solar rooftop to generate electricity as the car moves.

The company had also made a tie up with BEL in India to make batteries in India, wherein Triton will provide the know-how to BEL for battery manufacturing. 

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