EV major Triton to invest Rs 2,100 crore, create 25,000 jobs in Telangana
The leading US-based Electric Vehicle manufacturer, Triton Electric Vehicle Pvt. Ltd. will invest Rs 2,100 crore in Telangana to set up its new manufacturing unit, IT and Industries Minister KT Rama Rao announced Thursday. Triton’s investment in an ultra-modern EV manufacturing unit will create employment opportunities for 25,000 local youth, the minister said.
Telangana government’s Department of Industries and Commerce entered into a Memorandum of Understanding (MOU) with the US-based company for the establishment of a manufacturing unit for electric buses at NIMZ, Zaheerabad. Principal Secretary (IT and Industries) Jayesh Ranjan and Triton Electric Vehicle Pvt. Ltd CEO & Founder Himanshu B. Patel signed the MoU in the presence of the minister and other officials.
