Dibakar Yadav || New Delhi || 5th May 2022
Triton EV, based in the United States, has acquired AMW’s manufacturing unit in Bhuj, Gujarat. Triton EV will now use the 3.7 million square foot factory to manufacture electric trucks as the company ramps up its efforts to reach Indian roads.
The electric vehicle manufacturer’s acquisition of the production site will ensure that Triton EV truck production keeps growing. According to a press release from the company, production is set to begin this year.
Moreover, the takeover is a welcome relief for AMW employees who lost their livelihoods as a result of the manufacturing plant’s shutdown.
The deal gives Triton a great edge in manufacturing India’s first EV truck, which will be a comprehensive ‘Make In India’ offering, stated Founder and Managing Director of Triton EV, Himanshu Patel.
Within this calendar year, the very first Triton EV truck will be ready to leave the manufacturing factory in Bhuj, Gujarat.
The acquired plant will serve as a hub for the whole end-to-end manufacture of electric trucks.
Due to the compact manufacturing center, the truckmaker will be able to create every essential element of the vehicle, from the frame to the battery, from start to finish.
Other vehicle component makers will bolster the hub as part of the ecosystem to ensure this. Bharat Electronics Limited, for example, will produce the batteries for electric vehicles.
Triton EV and the Gujarat government signed an MoU a few weeks ago to finance INR 10,000 crore in EV truck assembly in the state over the next five years.
It further confirmed that the company will employ more than 10,000 people in the state, both directly and indirectly.