Trucking News
Trucking industry news today

Horizon Microtech And Triton EV Sign An MoU To Create A Manufacturing Presence In Gujarat’s Planned Triton EV Manufacturing Hub

TNI || New Delhi || 14th April 2022

Horizon Microtech Pvt. Ltd., an Ahmedabad-based electronics component manufacturer, has signed a Memorandum of Understanding with Triton EV to establish their assembly plant in the upcoming EV manufacturing hub in Gujarat State, following Triton EV’s MoU with the Gujarat Government for building up Asia’s largest EV Manufacturing Center with an investment of Rs 10800 Cr.

Tata Ace, Company’s First Fully Electric Commercial Vehicle, Has Been Sighted Ahead of Its Scheduled Debut

Horizon Microtech’s major goal will be to manage the wire harness solutions given for the EVs that will be produced in the hub.

Odisha Government Signs A Deal With BPCL To Pursue Renewable Energy Options

The company, which has been manufacturing electrical components since 1994, is excited about contributing substantially to the Triton EV Manufacturing Hub’s production output.

They are thrilled to be a part of this EV manufacturing cluster partnership.

The production plant will be located within Triton EV’s huge manufacturing cluster.

CSC Grameen eStore Joins Forces With Mahindra & Mahindra

After signing the MoU with Triton EV, Director of Horizon Microtech Pvt. Ltd. Bhagirath Choksi said they will be focusing on delivering components for the Triton EV truck.

They are looking forward to developing a top class and most extensive EV manufacturing hub in Gujarat, Triton EV’s Founder and MD, Himanshu B Patel said in a statement.

CRISIL Research Sees Electric Vehicles As Having A Rs 3 Lakh Crore Potential For India

They intend to manufacture more than 98 percent of the electric trucks in the hub alone. As a result, they will be developing a world-class EV truck that will be made in India.

Horizon Microtech is a welcome addition to this partnership, as it is anticipated of them playing a significant role in the production of Triton EV trucks from this centre.

India’s March Fuel Consumption Reached A Three-Year High, With Petrol Sales Reaching An All-Time Peak

The Triton EV truck manufacturing plant in Gujarat will be a state-of-the-art example of a ‘Make in India’ product, with end-to-end, complete EV truck manufacturing.

The plant will be spread throughout 2000 acres of land, with the facility producing over 98 percent of the complete Triton EV Semi Truck.

Magenta And Euler Motors Partner To Deploy 1,000 Electric Cargo Vehicles In Core Cities

By reducing import dependency, this Triton EV facility will offer an example of a comprehensive Make in India EV product. Due to this, over ten thousand jobs are predicted to be created over the next five years.

AllEscort