Triton huge investment for Telangana with Rs 2100 crore: This investment would create jobs.
Triton huge investment is coming to the state of Telangana. Triton Electric Vehicle Pvt Ltd, a world-renowned manufacturer of electronics vehicles, is set to invest heavily in Telangana. To this end, a memorandum of understanding has been signed with the Telangana government. As part of this, a lump sum of the company is ready to invest Rs 2,100 crore, company representatives said. He said the investment would create jobs for about 25,000 people.
In Pragati Bhavan, the Minister of Environment met KTR and explained his investment plan. Himanshu Patel, CEO of the company, told KTR that the company is already ready with plans to expand on a large scale in the EV sector, which is in high demand in the future. After examining the opportunities in different states of the country. The company representatives told KTR that they have taken this decision to take forward their operations with Telangana as the center. To this end, we are willing to set up a manufacturing unit in Zaheerabad Nimz (National Investment & Manufacturing Zone-NIMZ).
Company representatives said it would produce 50,000 electric vehicles in the first five years. It will include semi-trucks, sedans, luxury SUVs, and rickshaws. Company representatives said they want to compete with Tesla. Also focused on all-electric semi-truck manufacturing. Produced the Triton-EV SUV (Model-H) in April last year. 1,126kms range, 200kWh battery capacity. Triton EV is owned by Triton Solar, an American-based solar battery company.