The Pune unit of Navratna Defence PSU Bharat Electronics Limited (BEL) will 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, Bengaluru-headquartered BEL said in a statement on Monday. 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 or
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