by Bhaswati Guha Majumder - Jun 25, 2021 09:34 AM
Officials of the company and state government signing an MoU (Twitter)
Snapshot
The US-based electric vehicle manufacturer Triton will invest Rs 2,100 crore in Telangana for the new establishment.
The project would lead to the production of over 50,000 vehicles over the first five years, and it will include semi-trucks, sedans, luxury SUVs and electronic rickshaws, says Telangana IT and Industries Minister KT Rama Rao.
The United States-based electric vehicle manufacturer Triton, which competes with Elon Musk s Tesla, has entered into a Memorandum of Understanding (MoU) with the Telangana government to set up a manufacturing unit in Zaheerabad, which has Mahindra & Mahindra s largest tractor manufacturing facility, in Sangareddy district.
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