Business Standard

Sunday, December 22, 2024 | 05:59 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

BYD to expand e-bus manufacturing in India, open bookings for electric MPVs

Company is planning to sell 10,000 electric MPVs

BYD E6 electric taxis
Premium

Drivers stand next to BYD E6 electric taxis being charged at a charging station in Taiyuan, Shanxi province, China. Taiyuan became the first city to replace its entire fleet of taxis with electric vehicles | Photo: Bloomberg

T E Narasimhan Chennai
Chinese auto and electronics major BYD is planning to double its bus manufacturing capacity in India and will open bookings for its electric multi-purpose vehicle (MPV) product — T3 — soon, to tap the emerging electric vehicle (EV) market. 

Last week, BYD signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 2,800 crore in manufacturing components for mobile phones. On the auto sector, the company plans to increase its output capacity for electric buses to 5,000 every year from 2,000 now, said Ketsu Zhang, executive director, BYD India. In India, BYD has partnered Hyderabad-based Olectra for

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in