Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ – in New Delhi. The move comes after the parent company aggressively advertised its plans to enter the Indian market.
Triton EV’s manufacturing facility will produce electric cars for the Indian market and other markets like Bangladesh, Sri Lanka, Nepal, the Middle East, and Africa. Plans are to employ around 21,000 people through the Triton EV manufacturing facility over the next three years.
Triton EV had recently signed an MoU (Memorandum of Understanding) with Bharat Electronics Limited. The two organizations will work on ‘energy storage systems and electric vehicle development.’