China’s top-selling electric carmaker BYD is aiming to become India’s second-largest EV company this year, behind only homegrown car producer Tata Motors, as it rolls out more models including a battery-powered premium saloon.
An executive with the Shenzhen-based group, whose investors include Warren Buffett, said the company might also expand its Indian production base after 2025 if demand for its vehicles warranted it.
“If the technology has been accepted by consumers, then we can’t say no to the demand,” Sanjay Gopalakrishnan, BYD’s senior vice-president for India, told the Financial Times. “We have to cater to the demand, which means we have to explore this possibility of local assembly with partners.”
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