Triton Electric Vehicle has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL) to develop Electric Vehicles(EVs) and Energy Storage Systems(ESS).
Through this partnership, both parties aim to create an innovative product that will transform the Indian EV and ESS segment.
Purpose: To manufacture the sub-systems and battery assembly for ESS and EVs so as to cater the needs of customers in USA, India and other countries.
Provisions of MoU:
i.BEL will be the exclusive manufacturing partner to Triton in India for identified products.
ii.Triton will offer the know-how and technical documentation that are required to manufacture these products.
iii.BEL will address the requirements of ESS in India as a prime contractor. While Triton, as per the Make in India requirements, will provide support as a technology partner.
Triton to Launch electric sedan N4 for the Indian market
i.Recently, Triton has made the announcement to launch electric sedan N4 for the Indian market. The base model is priced at Rs 35 lakhs.
ii.This model will be available in four variants – N4, N4-S, N4-R and the high-performance limited edition N4-GT of which only 100 units will be produced.
iii.The car is being developed and the vehicle will be showcased in next one month.
Recent Related News:
India’s first public EV (Electric Vehicle) charging plaza inaugurated by RK Singh at Chelmsford Club in New Delhi in order to make e-mobility hassle free and convenient for the consumers. This plaza has been established by EESL, a joint venture of Public Sector Undertakings (PSUs) under Ministry of Power, in collaboration with New Delhi Municipal Council (NDMC), which will host 5 Electric Vehicle Chargers of different specifications.
About Bharat Electronics Limited (BEL):
It is a navratna Public Sector Undertaking(PSU) under Ministry of Defence
Chairman and Managing Director– M V Gowtama
Headquarters– Bangalore Karnataka
About Triton Electric Vehicle:
It is the new subsidiary of Triton Solar
Headquarters– New Jersey, USA
Founder and CEO– Himanshu B Patel(Founder and Chairman of Triton Solar)