BDY heading to India

Warren Buffett-backed, Chinese EV maker BYD Company (OTCPK:BYDDF) will be exhibiting a Born Electric SUV for the Indian market by the fourth quarter of the current calendar year, The Economic Times reported.

The deliveries of the same would begin in January, the company’s top official said.

This will be the first Born Electric SUV in the mass market.

BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6.

BYD, which overtook Tesla this year as the world’s largest EV maker, would assemble the upcoming model at Sriperumbudur near Chennai.

BYD is looking to deepen its presence in India at a time when investments from other auto Chinese firms in India have hit a hurdle in the absence of a clearance from the Centre.