Triton EV acquires AMW facility

Triton EV, the US-based electric vehicle maker, has collaborated with the Government of Gujarat to set up their first manufacturing plant in India. For the set up it has acquired AMW’s manufacturing plant in Bhuj. Spread across 3.7 million sq. ft, the state-of-theart plant is built upon 600 acre land and will be used to manufacture EV trucks. The company plans to start the production of the trucks and roll out its first EV truck in the current year itself. Coming as a relief for the workers who lost their jobs due to closing of the AMW plant during lock down, the new plant will provide direct and indirect jobs to over 10,000 people in the state. The new development is a part of Triton EV’s MoU signed with the Gujarat Government to invest Rs. 10,000 crore in EV truck manufacturing in the state over a span of five years. Facilitating complete end-to-end production of EV trucks including production of components ranging from chassis to battery, the new hub will be reinforced by other auto components manufacturers as part of the ecosystem. This includes the likes of Bharat Electronics Ltd.(BEL) who will provide EV batteries.