Arrival of New Electric Car Brand in Indian Market & Tesla's Competitor

When the person who brought the electric vehicle revolution in history is mentioned, the name of Elon Musk will be taken first. He has become the king of electric vehicle. Indian companies have entered the field to compete with their company Tesla, but it is not so easy to compete with Tesla. Meanwhile, an American company has entered the ground to compete with Elon Musk.

The name of the company is Triton EV, it is going to knock in India. The company is preparing to set up its first plant in Telangana. It is reported that Triton EV has signed an MoU with the Government of Telangana.

Telangana IT and Industries Minister K. T. Rama Rao said in a tweet that Triton EV will produce 50,000 vehicles in the first 5 years. This will create jobs for 25,000 local youth. The company will manufacture semi trucks, sedans, luxury SUVs and rickshaws here.

Let us tell you that Elon

Musk is soon going to open Tesla's first show room in Worli area of Mumbai. The company has also started hiring in India. Now Tesla is going to compete with Triton EV.

American company Triton is not just ahead in making electric cars. Rather, the company also manufactures electric SUVs, semi trucks and defense items. The company also plans to introduce electric auto rickshaws very soon. In this way, the company will also challenge the commercial vehicle market in the country.

According to Business Today news, Triton EV will set up a factory in Telangana with an investment of Rs 2,100 crore. This plant of the company will be in the National Investment and Manufacturing Zone of Zaheerabad. The land for the plant to the company is from Telangana.

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