BYD India, a subsidiary of Chinese vehicle manufacturer BYD, is optimistic about the evolution of the country’s passenger electric vehicle (EV) market and plans to release another model this year. According to Sanjay Gopalakrishnan, senior vice president of BYD India’s passenger EV business, the company sold 700 EV cars of a single model in 2022 and expects to sell 15,000 units of three models in the current calendar year.
BYD currently offers two models which are the SUV and the MUV
According to him, the third model in the sedan segment will be released in October of this year. BYD, a Chinese conglomerate headquartered in Shenzen, is a leading manufacturer of electric vehicles and in Chennai, BYD India has an assembly plant.
According to Gopalakrishnan, the BYD vehicles are shipped to India in semi-assembled form and then assembled at the Chennai plant. BYD first introduced an electric bus in India in 2017, followed by an electric passenger car in November 2021. In 2022, the company expects to sell 1.8 million electric vehicles globally.
The assembly capacity of the BYDs Chennai plant will be increased based on demand from the current 15,000 units per year. The Chinese company has already invested USD 200 million in India, and BYD India now has 24 dealer locations across the country, according to Gopalakrishnan.
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