BYD aims to capture 40% of India's new energy vehicle market by 2030

★ Posted on 12-17,2024

On January 12, Sanjay Gopalakrishnan, senior vice president of BYD’s Indian subsidiary, said in an interview at the 2023 India Auto Expo that BYD hopes to occupy India’s new energy sector by 2030. 40% share of the car market.

Spurred by this news, BYD's shares rose more than 9% intraday on Thursday (January 12) to HK$236.8, a four-month high. BYD is accelerating its deployment in the electric vehicle market outside China and striving to gain a higher share of the world auto market.

It is said that BYD must be ambitious as a global manufacturer, and India is a good development choice, "because people realize the demand for electric vehicles and charging infrastructure is emerging."

Sanjay Gopalakrishnan said that BYD will launch its third electric model Seal in Q4 of 2023. BYD launched the Atto 3 SUV in India last year and plans to sell 15,000 units in India this year.

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Editor: Zhang Ziji

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