Headquartered in Shenzhen, China, BYD — which outsold Tesla to become the biggest EV company in the first six months of 2022 — is keen to have a wide portfolio of products in India, which would help it grab a 15 per cent market share by 2030. Written by Swaraj Baggonkar
The electric passenger vehicle (PV) market is set to see increased action in the coming days with customers getting a wider choice and incumbents facing a new competitor.
In October, BYD will debut in the domestic market with the launch of an electric SUV which will take on the incumbents: MG ZS EV, Hyundai Kona and the upcoming Tata Curvv.
Headquartered in Shenzhen, China, BYD — which outsold Tesla to become the biggest EV company in the first six months of 2022 — is keen to have a wide portfolio of products in India, which would help it grab a 15 per cent market share by 2030.
Subscriber Only Stories
Sanjay Gopalakrishnan, senior vice-president—electric passenger vehicles, BYD India, said: “By 2030 the Indian car market will reach 6 million units. Out of this, EVs will account for 30% of the market. We want to grab 15% of this EV space by that time.” FE