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Triton EV to Purchase Battery Packs worth Rs. 8,060 Cr. from BEL

Triton Electric Vehicle India Pvt. Ltd., the Indian subsidiary of US-based Triton Electric Vehicle LLC, has issued a Letter of Intent (LoI) to Bharat Electronics Ltd. (BEL) for the purchase of battery packs to be used in its semi-truck project. The estimated cost of these battery packs will be around Rs. 8,060 crore.

According to the LoI, BEL will be supplying these Li-ion battery packs, each of 300 KW capacity, to Triton over a period of 2 years, starting January 2023. These battery packs will be manufactured in BEL’s Pune facility.