BYD Archives - Shifting-Gears

Key highlights BYD to set up EV facility in Hyderabad Annual production target of 6 lakh units by 2032 Battery production to be included as well BYD is soon going to set up its first local EV manufacturing plant in India. The new plant will be set up in Hyderabad, as per the reports. Read more details below. Also read: Volkswagen Tiguan SUV delisted on the Indian website BYD's new EV plant in India - All details As per a latest report published online, the Chinese EV giant, BYD, has finalized its first local production plant in India. The land scouting seems to have resulted in Hyderabad as the best-suited place for the upcoming EV production facility for the company. The growth of BYD in India has been strong, as it continues to introduce its global products. Additionally, the overall growth in EV car sales and the EV charging infrastructure has also helped the brand in India. The report also states that the upcoming production facility will produce the batteries in-house with a capacity of 20 GWh. The new production facility is believed to be spread over 500 acres, and an investment of a whopping Rs 85,000 crore has been finalized. With this, the company aims to produce up to 6,00,000 units of different EVs by 2032. Meanwhile, the global rival Tesla, is also readying to enter the growing EV market of India. The US-based competitor of BYD is working on finalizing its production facility in India and also setting up showroom spaces in tier-1 cities. Also read: MY25 MG Astor launched, Shine variant gets panoramic sunroof Our verdict Mainstream global EV brands BYD will soon expand its product and manufacturing scale in India. Overall, it is a boon for the Indian EV segment as other brands with minimal EV portfolio will be encouraged by the big steps taken by such renowned EV makers. Source

Tag - BYD

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