2.00 (0.49%) Bharat Electronics (BEL) is all set to manufacture Li-ion battery packs for the electric trucks of US-based Triton, as part of an MoU signed between the two companies. The agreement was inked to explore 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 recently signed an MoU with the Gujarat State government for setting up an EV truck manufacturing plant, with a commitment to invest around Rs 10,800 crore over a span of five years. BEL is among the five organisations 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.