Commercial Vehicle

Triton Letter of Intent


Triton Electric Vehicle India (TEV) has issued a Letter of Intent (LoI) to Bharat Electronic­s Ltd. (BEL) for the procuremen­t of battery packs. These battery packs will be used for its semi-truck project in India valued at ~ Rs.8,060 crore. As a part of the agreement, 37 lakh units of 300 kW lithium-ion battery packs will be procured by TEV and will be delivered within 24 months by Navaratna Defence PSU, BEL, after commencing from January 2023. Dinesh Kumar Batra, Chairman and Managing Director of BEL received the LoI from Himanshu B Patel, CEO and Founder of Triton Electric Vehicle LLC at Defexpo 2022, held in Gandhinaga­r. As per the filing, these battery packs will be manufactur­ed at the Pune unit of BEL. BEL has also signed an MoU with TEV for the manufactur­e of hydrogen fuel cells by BEL with technology transfer from TEV, to meet the requiremen­ts of the Indian market and mutually agreed export markets.

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