Triton guarantee for AMW Motors encashed as it fails to payTriton had offered ₹210 crore in cash to creditors of AMW Motors at more-than-94% haircut to lenders that have admitted claims of ₹3,756 cr...
Atmanirbhar defence, EV orders give BEL a boostThe company has been a major beneficiary of the government's decision to put over 330 defence items under import embargo taking the total c...
Triton EV approaches Supreme Court to be able to bid for AMW subsidiaryOn September 1, 2020, the Ahmedabad bench of the National Company Law Tribunal (NCLT) admitted the company under the Corporate Insolvency R...
Telangana to draw investments worth Rs 18k cr in fiscal year 2022Telangana has attracted Rs 17,867 crore worth of investment in FY 2021-22 through 3,938 new industries and created employment for 96,863 pe...
BEL to manufacture battery packs for Triton electric trucksTriton recently signed an MoU with the Gujarat State government for setting up an EV truck manufacturing plant, with a commitment to invest...
Tata Motors eyes $500-700 million business from electric trucks and busesThe transition toward commercial EVs will be bigger than its entry into the electric personal vehicle segment, as commercial EVs will poten...
AMW lenders okay IBC plan; Triton EV to take over Bankrupt AMW Trucks assetsLenders led by IDBI Bank and Indian Overseas Bank (IOB) approved Triton's plan by near absolute majority or 99.60% but with a deep haircut ...
Indian EV industry records INR 25,045 crore investments in last seven monthsMeanwhile an independent study conducted by the CEEW Centre for Energy Finance (CEEW-CEF), says the EV market in India will be worth USD 20...
COVID-19: India's daily active cases cross 4 lakh, records 3,980 fatalities in a day
India registers 3,82,315 fresh COVID-19 cases and 3,780 fatalities in last 24 hours, highest number of deaths in a single dayIndia on Wednesday recorded 3,780 deaths, maximum in a day and 3,82,315 fresh cases of Covid-19 infections in the last 24 hours, taking the...
Yediyuappa welcomes new age firms in Karnataka, assures support to Triton Electric Vehicle"The Government of Karnataka is very keen to support entry of new age firm like Triton Electric Vehicles and all assistance will be provide...
Triton Electric Vehicle inks MoU with BEL for development of EVs and ESSAs per the MoU, BEL will be the exclusive manufacturing partner to Triton in India for identified products, while Triton will provide the k...
Triton will bring its first EV - N4 sedan - to India, starting at Rs 35 lakhThe electric car, which would be manufactured in the US, is going to be available in 4 variants.