BEL set to manufacture LiB packs for Triton e-trucks in India
Bharat Electronics Limited (BEL) has announced that it will manufacture lithium-ion (Li-ion) battery packs for the electric trucks of Triton, US, as part of an MoU signed between the two companies to explore the manufacturing of battery cells in India for Energy Storage Systems and electric vehicles in the Heavy Vehicle segment for the requirements of customers in USA, India and other countries.
Triton has recently signed an MoU with the Gujarat State Government for setting up an iconic EV Truck Manufacturing Plant, with a commitment to invest around Rs 10,800 Crores over five years. BEL is among five organizations that will be investing in this Triton EV manufacturing hub at Bhuj, Gujarat.
The partnership between BEL and Triton is set to give a major boost to the Make in India initiative and EV thrust of the Government, in the journey towards an Atmanirbhar Bharat initiative.