Bharat Electronics (BEL) will be manufacturing Li-ion battery packs for the electric trucks of Triton.
BEL has signed MoU regarding this deal.
The agreement was inked 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 the USA, India and other countries.
Triton recently signed an MoU with the Gujarat State government for setting up an EV trucks manufacturing plant, with a commitment to invest around Rs 10,800 crore over five years.
BEL is among the five organizations which will be investing in this Triton EV manufacturing hub at Bhuj, Gujarat.
BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.