Schedule a Call Back
Wardwizard, Triton EV forge transformative partnership to drive EV Revolution in India and UAE
Industry News- Dec 04,23
In this strategic partnership, Triton EV has chosen WIML as its manufacturing partner for Battery Operated trucks in India and the UAE.
Wardwizard Innovations & Mobility, a prominent electric vehicle manufacturer known for its 'Joy e-bike' brand in India, has entered into a strategic Memorandum of Understanding (MOU) with Triton EV, a distinguished US-based electric vehicle manufacturer. This collaborative agreement, spanning five years, is set to revolutionise the electric vehicle landscape in both India and the UAE.
The MOU, considered a landmark event, was formalised at the WardWizard Head Office in Vadodara, where Himanshu Patel, Founder of Triton EV, and Yatin Sanjay Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility, sealed this transformative deal.
In this strategic partnership, Triton EV has chosen WIML as its manufacturing partner for Battery Operated trucks in India and the UAE. Additionally, WIML will expand its manufacturing capabilities to produce two-wheelers and Three-wheelers for Triton EV. The collaboration underscores a shared commitment to fostering the growth of the electric vehicle industry and aligning with the government's vision to enhance green mobility.
As part of Triton EV's commitment, there will be a Transfer of Technology for hydrogen battery packs used in two and three-wheelers, along with crucial technology support for setting up production lines and expansion in India.
A notable aspect of this collaboration is the agreement to share respective vendors and suppliers, ensuring a seamless and efficient business operation. WIML will also play a crucial role in vendor development for both parties, ensuring a robust and interconnected supply chain.
WIML, dedicated to environmental sustainability, plans to commence the manufacturing of hydrogen battery-operated Trucks, two-wheelers, and three-wheelers in India in the coming days in partnership with Triton EV. This ambitious endeavor aligns with the shared vision of both companies to drive innovation and environmental responsibility in the electric vehicle space.
Yatin Sanjay Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd., expressed, “In line with our commitment to growing sustainable mobility and encouraging the use of electric vehicles, we are delighted to partner with Triton EV (TEV), one of the leading EV manufacturers in the United States of America. Under the partnership, we are poised to combine our manufacturing expertise with Triton's cutting-edge technology, redefining the electric vehicle landscape in the market."
Himanshu Patel, Founder of Triton EV, stated, “This Memorandum of Understanding (MoU) marks a significant milestone in our expansion plan as we enter new markets. India is leading from the front in EVolution, and we are delighted to partner with WardWizard, which comes with a skilled workforce and one of the best manufacturing capabilities. This association will not only help strengthen our presence across the Indian and UAE markets but will also support the EV industry's growth with advanced products and cutting-edge technology.”
The signing of this MOU signifies a substantial leap toward realising the potential of green mobility solutions in India and the UAE. WIML and Triton EV are poised to contribute significantly to the transformative shift towards electric vehicles, further bolstering the nation's commitment to sustainable transportation.
Source: SMEStreet
Related Stories
Auto & Auto Components
The growth of the Indian EV market
The industry has been trying to establish localised supply chains with up to 20-30% component localisation having been achieved mainly for e4Ws.
Read moreElectrical & Electronics
Electrical event ELECRAMA kicks off roadshow in Chhattisgarh
This roadshow marks the beginning of a series of events leading up to the main exhibition, highlighting the latest advancements and innovations in the electrical sector.
Read morePolicy Regulation
Government to develop parks and dormitories near manufacturing clusters
Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned, with significant progress already in Uttar Pradesh and Tamil Nadu.
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
