China's new energy vehicle giant BYD plans to enter the Indian electric vehicle market, hoping that when this world's fourth largest automobile market will turn to electric vehicles, it can occupy a larger share.
According to Bloomberg News on Thursday (January 12), Sanjay Gopalakrishnan, senior vice president of BYD India subsidiary, said at the Indian Auto Show in the Indian Auto Show that BYD hopes to 2030It can occupy a 40 % share of the Indian electric vehicle market.
He said that as a global manufacturer, BYD must have high ambitions, and India is a good development choice. "Because people recognize the demand for electric vehicles, charging infrastructure is emerging."
Due to high preliminary costs and lack of charging infrastructure, India's speed of turning to electric vehicles lags behind other countries such as China and the United States.However, foreign car manufacturers such as BYD and TATA Motors did not give up this potential large market and still displayed electric vehicles at the auto show held at New Delhi this week.
BYD entered India for the first time in 2007.Go Parakihinan revealed that the company will launch its third electric model in the Indian market in the last quarter of this year, and plans to double its dealer network in India this year.BYD launched the first electric vehicle ATTO 3 SUV last year and plans to sell 15,000 units this year.
Gopahakrhuman said that BYD has positioned himself as a "global" technology company to overcome the obstacles of Chinese companies' operations in India and bring confidence to customers.
