US Electric Vehicle Manufacture Triton Electric Registers Subsidiary in India
After the much talked entry of Tesla in Indian Electric Vehicles space, New Jersey (U.S.) headquartered Triton Electric Vehicle, has registered a subsidiary named Triton Electric Vehicles India Pvt. Ltd. for setting-up business in India. Triton with this new subsidiary wants to make India one of the biggest markets for Triton EV outside the US.
Unlike Tesla, Triton has announced to build a manufacturing facility in India. Triton further added that this facility will not only be an assembly line for the cars, but also produce EV components.
Triton Electric Vehicles‘ India based manufacturing facility will not only cater to the Indian market but also other countries such as Bangladesh, Sri Lanka, Nepal, the Middle East region and Africa. It is expected to employ around 21,000 people over the next three years.