US-based EV maker Triton EV has acquired AMW’s manufacturing plant in Bhuj, Gujarat. The facility unfold throughout 3.7 Million Sq toes will now be utilized by Triton EV for manufacturing EV vans, as the corporate shifts to high gear of their bid to enter Indian roads.
The acquisition of the manufacturing facility by the electrical automobile producer will make sure the escalation of Triton EV truck manufacturing. The manufacturing is poised to start from this 12 months itself, mentioned the corporate in a press launch.
Furthermore, the acquisition additionally comes as a sigh of aid for AMW’s employees who misplaced their jobs following the closure of the manufacturing unit.
Speaking on the takeover, Himanshu Patel, Founder and Managing Director, Triton EV, mentioned, “The acquisition is giving us an important edge in producing India’s first EV Truck which might be a whole ‘Make In India’ product. The first Triton EV truck will be capable of come out of the manufacturing plant in Bhuj, Gujarat, inside this calendar 12 months.
The acquired facility would be the epicenter that may facilitate the entire end-to-end EV truck manufacturing. The compact manufacturing hub will permit the truck-maker to supply each crucial element of the automobile – starting from chassis to battery. To be sure that, the hub might be strengthened by different auto parts producers as a part of the ecosystem. For occasion, the batteries for the EVs might be manufactured by Bharat Electronics Limited (BEL).
Just a few weeks in the past, Triton EV had signed a MoU with the Gujarat Government to take a position INR 10,000 crore in EV truck manufacturing within the state over a span of 5 years. It additionally claimed that the corporate will present direct and oblique employment to over 10,000 individuals within the state.
Source: www.financialexpress.com”