BYD India bullish on evolution of passenger electric vehicles market

BYD India, a subsidiary of Chinese vehicle manufacturer BYD is bullish on the evolution of the passenger electric vehicles (EV) market in the country and will come out with another model this year. 

Sanjay Gopalakrishnan, senior vice-president of the passenger EV business of BYD India, said the company has sold 700 EV cars of a single model in 2022 and expects to sell 15,000 units of three models in the current calendar year. 

The company currently has two models - an SUV and a MUV. The third model will be launched in the sedan segment in October this year, he said. BYD, the Shenzen-headquartered Chinese conglomerate, is a leading manufacturer of electric vehicles. BYD India has an assembling plant in Chennai.

Gopalakrishnan said the BYD cars are brought in semi-knocked-down condition to India and then assembled at the Chennai plant.