Olectra BYD

The panel recommended raising the GST rate to 18per cent from 5per cent currently for EVs priced between 2 million and 4 million rupees ($23,000-$46,000)

Automaker blamed 'industry malpractices' and 'excessive marketing' for pressuring its bottom line - an ironic twist considering BYD has been a major driver of the price war

Q1FY26 company results: Suprajit Engineering, Likhitha Infrastructure, Hisar Metal Industries-$, and IFGL Refractories are to also release their April-June quarter earnings reports today

Considering the first three months of the year are generally the slowest for Chinese automakers, with the period containing the long Lunar New Year holiday, BYD looks set for a strong 2025

The Telangana government has suggested three potential sites for the facility, all located near Hyderabad for the proposed BYD plant

Shares Olectra Greentech gained after it placed an order for 2,325 electric bus chassis with BYD India, according to reports

Over 4,700 complaints were filed against BYD cars between February 11-17 on 12365auto.com, a third-party auto consumer complaints platform, compared with about 150 the week before

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed

Rising overseas shipments contributed to a record June quarter for deliveries for BYD, with the company posting a 40 per cent year-on-year increase in electric and plug-in hybrid sales

The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it

Hong Kong-listed shares of the automaker rose 3.2 per cent to HK$237.60, their biggest intraday jump since June 13

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

China's BYD has unveiled its first supercar, Yangwan, priced at 1.68 million yuan (approximately Rs 2 crore)

Electric vehicles maker Olectra Greentech on Monday reported a 77 per cent rise in its net profit to Rs 27.11 crore for the December 2023 quarter on the back of higher revenues. "The PAT (net profit) stands at Rs 27.11 crore (in the October-December quarter), compared to Rs 15.30 crore in the previous fiscal year up by 77 per cent," a company statement said. Its revenue surged 33 per cent in Q3 FY2023-24 to Rs 342.14 crore, it said, adding that the significant revenue growth was recorded due to higher deliveries. The company has delivered 1,615 electric vehicles to date. Strong demand continues with the total number of bus orders on hand at 8,088 units, it added. During the quarter under review, Olectra delivered 178 electric vehicles, against 142 in 2022-23, an increase of 25 per cent. Olectra Greentech Managing Director KV Pradeep said, "We are pleased to report strong growth in our consolidated revenue and profitability for the Q3 and 9 Months FY23-24. Our focus continues on ..

Analysts expect BYD to launch its third-generation EVs next year offering more technology, such as automated-driving capabilities

BYD is far from being an outlier, as several Chinese companies from various sectors have faced challenges in getting visas for travel to India

"Security concerns with respect to Chinese investments in India were flagged during the deliberations," the report quoted an Indian official as saying

So far this calendar year (CY23), shares of Olectra has rallied over 144 per cent, as against 8 per cent rise in the S&P BSE Sensex