Chinese EV manufacturer BYD to 'Make in India' for domestic market, exports

Soon, Chinese electric bus maker BYD will start manufacturing in India for the domestic market, as well as exports to neighbouring countries. Hyderabad-based Gold Stone Group, which sells BYD buses in the country, is setting up a greenfield manufacturing facility in the country at a cost of around Rs 2 billion.

Goldstone Infratech Managing Director N K Rawal said the new facility, coming up this year and to be spread across 100 acres at Bidar in Karnataka, will have an initial capacity of around 1,000 units a year. Localisation of the product, around 25 per cent initially, will be increased