BYD Auto Co, Ltd, the automotive arm of the Chinese manufacturer BYD has updated its plans for investment in India. Now, according to a media report, the electric carmaker is no longer going to invest US$ 1 million in the Indian market.
According to earlier reports, BYD has planned to work with Megha Engineering and Infrastructures to develop an electric vehicle manufacturing plant in India. However, the company’s proposal was rejected by the Government of India.
One of the reasons for this is increased scrutiny towards Chinese investments. The recent border tensions could be attributed to this. Furthermore, it is said that the joint-ventures set up by Chinese firms with local partners are infact mostly controlled by the foreign entity. Hence, the Indian partner doesn’t get much say in the company’s management or other decision making.
Currently, BYD is the world’s largest manufacturer of electric vehicles and plug-in hybrid vehicles. For the Indian market, BYD had planned a range of electric vehicles. These included hatchbacks and all the way up to premium luxury models. At present, there are two offerings of the EV maker in India. This includes the e6 MPV and the Atto 3 hatchback. In terms of prices, the e6 starts from iNR 29.15 lakh while the Atto 3 comes in at INR 33.99 lakh. All prices ex-showroom.
The BYD e6, is dubbed as India’s first premium electric MPV. It comes equipped with a 71.7 kWh Blade Battery. This setup supports a WLTC (city) range of 520km and a WLTC (combined) range of 415 km on a single charge.
The e6 is also compatible with DC fast charging, allowing a charge from 30 per cent to 80 percent within 35 minutes. The e6 also gets a vehicle warranty of 3 years/125,000km. For the battery cell, we get a warranty of 8 years/500,000km. Meanwhile, for the traction motor, the warranty period is set at 8 years/150,000km.
Also Read – BYD will deliver 100 e6 units to Evera cab service.