Telangana snags Triton EV’s Rs 2,100 crore investment
HYDERABAD: Telangana has snagged its largest electric vehicles (EV) investment yet with US-based electric vehicles major Triton EV all set to invest Rs 2,100 crore in setting up its EV manufacturing facility in Zaheerabad.
Triton Electric Vehicle Pvt Ltd, the Indian arm of Triton, will create over 25,000 jobs and manufacture around 50,000 EVs, including semi-trucks, sedans, luxury SUVs, and rickshaws, at the facility over the first five years, Telangana IT & industries minister KT Rama Rao’s office announced on Thursday.
The facility will be located at the Zaheerabad NIMZ (national investment & manufacturing zone) and the land for the project will be provided by the Telangana State Industrial Investment Corporation (TSIIC).
