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Chinese EV giant BYD is making a fresh push into India, with plans to set up its first manufacturing facility near Hyderabad.
Although available in India since 2021, BYD is currently importing cars. If finalised, Telangana will become the first Indian state to host a BYD factory.
The deets: BYD is one of the world’s largest EV makers, known for its affordable cars and cutting-edge battery tech. The proposed Hyderabad plant is part of its larger India strategy—to tap into one of the fastest-growing EV markets globally.
The backstory: this isn’t BYD’s first India attempt. In 2023, its $1 billion proposal with Hyderabad-based Megha Engineering was rejected due to restrictions on Chinese investments. But the company stayed active through a partnership with Olectra Greentech, which operates electric buses across India using BYD tech.
BYD’s ambition doesn’t stop at car assembly—it also plans to set up a 20 GW battery plant and scale production to 600,000 EVs annually over the next few years.
Big picture: India and China are warming up diplomatically after years of tension. Moreover, BYD also hopes to beat Tesla in getting to India.
