Triton EV to drive into Telangana with Rs 2,100 crore investment
HYDERABAD: Telangana has pipped neighbour Karnataka in the race to attract US-based electric vehicles major Triton EV in what will be the state’s largest EV investment yet. The New Jersey-based rival to Elon Musk’s Tesla will be investing Rs 2,100 crore in setting up its EV manufacturing facility in Telangana’s Zaheerabad, which also houses Mahindra & Mahindra’s largest tractor facility.
Triton Electric Vehicle Pvt Ltd, the Indian arm of Triton that was registered in March this year, will create over 25,000 jobs and manufacture around 50,000 EVs, including semitrucks, 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.
