India, March 18 -- New Jersey-based electric vehicle (EV) giant Triton has registered an Indian subsidiary 'Triton Electric Vehicles India Private Limited' in New Delhi to take on its rival Tesla, which is set to make an entry in the country this year.

Triton's newly formed Indian entity will work towards making India one of its biggest markets outside the US. Its Indian manufacturing facility will not only produce EVs for the domestic market, but also other countries such as Bangladesh, Sri Lanka, Nepal, the Middle East region and Africa. It is estimated that over 21,000 people will be employed at the Triton EV Manufacturing facility over the next three years.

"We are considering our India entry very critical and important for the comp...