BYD is ambitious: plans to gain 40% of India's auto market by 2030

CTOnews.com, January 12 (Xinhua)-- Chinese automaker BYD is accelerating its expansion of the electric vehicle market outside China in an effort to gain a higher share of the world automobile market.

Sanjay Gopalakrishnan (Sanjay Gopalakrishnan), senior vice president of BYD's India subsidiary, said in an interview at the 2023 India Auto Expo on Thursday that BYD hopes to capture 40 per cent of India's electric vehicle market by 2030.

It is said that BYD as a global manufacturer must aim high, and India is a good development choice, "because people recognize the demand for electric vehicles, charging infrastructure is on the rise."

In terms of the current auto market, BYD sold a total of 1863494 vehicles in 2022, an increase of 208.64% over the same period last year. BYD exported 55916 vehicles in 2022, an increase of 307.2% over the same period last year. For details, please refer to the previous report of CTOnews.com.

Expand reading: "BYD enters the Indian passenger car market and launches meta-PLUS renamed ATTO 3"

"the first car of BYD's Indian factory ATTO 3 will be put off the line, and it plans to sell 15000 units locally in 2023."

"not only the new energy vehicles go out to sea, but the chassis of the BYD C9 electric tour bus is exported to the Indian market for the first time."