 "BYD E6 electric taxis")
Chinese auto and electronics major BYD is planning to double its bus manufacturing capacity in India and will open bookings for its electric multi-purpose vehicle (MPV) product — T3 — soon, to tap the emerging electric vehicle (EV) market.
Last week, BYD signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 2,800 crore in manufacturing components for mobile phones. On the auto sector, the company plans to increase its output capacity for electric buses to 5,000 every year from 2,000 now, said Ketsu Zhang, executive director, BYD India. In India, BYD has partnered Hyderabad-based Olectra for
