World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season.
According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year, will assemble the car in Sriperumbudur, near Chennai.
The Electric SUV will be exhibited by BYD at the upcoming Delhi Auto Expo in 2023, demonstrating the seriousness of its India foray. In the next two years, it plans to sell 10,000 assembled vehicles in India.
More products will be displayed at the Delhi Auto Expo event, including hatchbacks, sedans, and SUVs, along with famous blade battery technology.
Sanjay Gopalkrishnan, Senior Vice President of BYD India’s Electric Passenger Vehicle Business, said, “The company plans to enter the mainstream EV market with Atto3 SUV, given the strong presence of its E6 MPV”. “We are getting significant traction for our vehicles in India from corporate customers and want to expand further into the personal buyer’s space with our SUVs. We are planning to showcase our vehicle architecture and battery technology at the upcoming Delhi Auto Expo, with a long-term vision of Participating in the growing EV business in India”, he added.
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The Atto3 will compete with the Hyundai Kona EV and M G Motors ZS EV. It is expected to cost around 25 lakh and have a range of over 450-500 kilometres on a single charge.
Several Chinese vehicle makers struggled to set up manufacturing bases on Indian land. The reason behind it is the Indian government charges extra investment screening from neighbour countries, but BYD made it possible.