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BYD enters Indian passenger car market

BYD enters Indian passenger car market

BYD on Tuesday announced entry into the Indian passenger vehicle market with the launch of the Atto 3, an electric sport-utility vehicle known as the Yuan Plus in China, with plans to begin vehicle delivery next January. Having produced electric buses in India since 2013, with 24 current dealership showrooms with partners throughout the country, the world’s top EV maker has set a goal to sell 15,000 electric crossovers in India next year and capture 40% of the country’s EV market by 2030. India recorded registration of 324,840 EVs in 2021 and is expected to jump to 15.3 million total units by 2030, according to estimates by Deloitte Touche Tohmatsu India LLP. [Reuters]

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