Electric vehicle maker Triton Electric Vehicle India issued a letter of intent to defence public sector unit Bharat Electronics for the procurement of battery packs for its semi-truck project in India at an estimated value of Rs.8,060 crore.

Ealier, on the second day of DefExpo 2022, India’s flagship Navratna defence PSU- Bharat Electronics Ltd (BEL) has signed an MoU with Triton Electric Vehicle (TEV), for the manufacturing of Hydrogen Fuel cells by BEL with technology transfer from TEV, to meet the requirements of the Indian market and mutually agreed export markets.
The MoU aims at tapping the demand for clean energy solutions for various applications including for E- Mobility, by leveraging the Government of India’s thrust for the adoption of clean energy fuels for applications in transport, energy storage etc.

The filing stated that the 300-kilowatt lithium-ion battery packs are to be delivered by BEL to Triton in 24 months commencing from January 2023.

Triton Electric Vehicle India Pvt Ltd, a part of Triton Electric Vehicle LLC, USA today issued a letter of intent to Navaratna Defence PSU Bharat Electronics for procurement of 300 KW Li-Ion battery packs for its semi-truck project in India at an estimated value of Rs.8,060 crore.

Dinesh Kumar Batra, BEL chairman and managing director has received LoI from Triton Electriv Vehicle LLC CEO and Founder Himanshu B Patel at Defexpo 2022 in Gandhinagar.

The purchase order for the first-off quantity with 100 percent advance payment has been handed over to BEL by Triton. BEL will deliver the first-off quantity by November 2022. The battery packs will be manufactured at the Pune unit of BEL.

According to the filing, the MoU aims at tapping the demand for clean energy solutions for various applications including E-Mobility by leveraging the government of India's thrust for the adoption of clean energy fuels for applications in transport, energy storage, etc.

TEV has set up its R&D (Research and Development) center and manufacturing facility in India. It has recently forayed into Hydrogen-run vehicles and started the journey of manufacturing Hydrogen-run two-wheelers, three-wheelers, and buses.

“This indeed a great collaboration for delivering cutting edge and truly environment-friendly mobility. Hydrogen is the cleanest energy form for today’s mobility and this collaboration will ensure India’s global leadership in Advance Mobility”, says Himanshu Patel, Founder and MD, Triton Electric Vehicle ( TEV).