Triton EV to invest ₹2,100 cr. in Telangana
The Hindu
Electric vehicle maker signs MoU for setting up electric bus manufacturing unit in NIMZ, Zaheerabad
Electric vehicle maker Triton Electric Vehicle has entered into an MoU with Telangana government for establishing a manufacturing unit for electric buses at the National Investment and Manufacturing Zone (NIMZ), Zaheerabad. The company will establish an ultra-modern electric vehicle manufacturing unit with an investment of ₹2,100 crore in the State, said an official release on the MoU signing here on Thursday in the presence of Industries and IT Minister K.T. Rama Rao. Under the project 50,000 vehicles will be rolled out over the first five years, including semi-trucks, sedans, luxury SUVs and rickshaws. The project will create job opportunities for more than 25,000 people. The required land will be provided, to the firm, at NIMZ, Zaheerabad, through the Telangana State Industrial Infrastructure Corporation (TSIIC).More Related News