Chinese electric bus major BYD to 'Make in India' for home market, exports

Gold Stone Group, which sells BYD buses in India, is setting up a Rs 2 bn greenfield unit in the country

Chinese electric bus maker BYD will soon start a manufacturing in India for the domestic market, as well as for exports to neighbouring countries. Hyderabad-based Gold Stone Group, which sells BYD buses in the country, is setting up a greenfield facility in the country at a cost of about Rs 2 billion.

Goldstone Infratech Managing Director N K Rawal said the new facility, coming up this year and to be spread across 100 acres at Bidar in Karnataka, will have an initial capacity of around 1,000 units a year. Localisation of the product, around 25 per cent initially, will be increased