March 28th, 2025
Chinese electric vehicle giant BYD is poised to make a significant leap into India’s burgeoning EV market. The company is in advanced talks to establish its first manufacturing facility in the country near Hyderabad, Telangana.
Telangana’s EV Ambitions
The Telangana government has proposed three potential sites near Hyderabad for BYD’s consideration. Company representatives are currently evaluating these locations, with a final decision expected soon. This move could position Telangana as a key player in India’s electric vehicle manufacturing landscape.
From Imports to Made-in-India
BYD’s current operations in India rely on importing vehicles from China, resulting in higher prices due to steep import duties. A local manufacturing facility would slash costs, potentially boosting sales and competitiveness in the price-sensitive Indian market.
Big Plans, Bigger Numbers
The proposed facility is no small endeavor. BYD aims to invest a staggering ₹85,000 crore ($10 billion) in this project. The plant would span 500 acres and have the capacity to produce 600,000 vehicles annually by 2032. Additionally, plans include a 20-gigawatt battery manufacturing unit.
Beyond Cars: Building an EV Ecosystem
BYD’s investment could catalyze the growth of ancillary industries around Hyderabad, creating an automotive cluster focused on EV components. This aligns with Telangana’s push to become a major hub for electric vehicle manufacturing.
Charging Ahead of the Competition
As BYD expands, it’s not just eyeing the Indian market. The company recently surpassed Tesla in global revenue, reporting $107 billion compared to Tesla’s $97.7 billion. BYD’s innovative approach, including a new 1 MW flash charger capable of fully charging a vehicle in 5-8 minutes, demonstrates its commitment to pushing EV technology forward.
With this bold move, BYD is positioning itself to play a major role in India’s electric vehicle future, potentially reshaping the country’s automotive landscape.
