<div id="readability-page-1"><div><div><p>Chinese EV giant <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> is reportedly pushing to enter the Indian market as diplomatic ties between New Delhi and Beijing ease.</p><h2>BYD Mulls Introducing Atto 2 SUV, Senior Management To Visit India</h2><p>The company is reportedly planning to introduce the BYD Atto 2 electric crossover in the market next year, pricing it at under 2 million INR (approximately $22,600), amid a renewed India push, Bloomberg reported on Wednesday.</p><p>BYD is also in the process of securing visas for the company's senior management, with the Indian regional director, <strong>Ketsu Zhang</strong>, set to visit the country in the coming months, the report suggests, citing anonymous sources.</p><p>The push follows easing tensions between India and China following border skirmishes in 2020, which resulted in the deaths of multiple army personnel. Tariff threats from President <strong>Donald Trump</strong>, as well as India's need for rare earth minerals and tech, could be some reasons for the ties to warm up, the report said.</p><h2>Tesla's Slow Growth In India, Dwindling Sales</h2><p>The news follows Tesla's slower-than-expected growth in India, where the company has managed to secure 600 orders for the Tesla Model Y, lower than what was expected. The Model Y is currently the EV giant's only offering in the country and is priced at approximately $70,000.</p><p>Tesla's sales in other markets are also recording lackluster performances, with its European sales declining 40% and its market share in the U.S. falling below 40% for the first time since 2017.</p><h2>BYD Slashes Annual Sales Target, Records Growth In EV Battery Market</h2><p>Meanwhile, BYD has reportedly slashed its annual sales target by over 16% to 4.6 million vehicles for 2025. The company had earlier set a target of 5.5 million vehicles for the year. BYD also reported a 30% decline in its profits, citing increasing competition in the Chinese market.</p><p>Elsewhere, the EV giant has maintained a steady growth in the global EV battery market, boasting over 17.8% of the market share with 105 GWh worth of battery installations from January to July 2025.</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Tesla Records Best Week Of The Quarter With 14.3K New Registrations In China, Still Down 12% Amid Sales Woes</li> </ul><p><em>Photo courtesy: Tada Images / Shutterstock.com</em></p></div></div></div>

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<p>Chinese EV manufacturer BYD plans to enter the Indian market, introducing the Atto 2 SUV next year at a price below 2 million INR ($22,600). This move comes as diplomatic relations between India and China improve. Meanwhile, Tesla faces slow growth in India, with only 600 orders for the Model Y, and has seen declining sales in Europe and the U.S. BYD has reduced its 2025 sales target by over 16% to 4.6 million vehicles, while maintaining growth in the global EV battery market, holding 17.8% market share.</p>

- BYD Co. Ltd. is planning to enter the Indian market by introducing the Atto 2 electric crossover, priced under 2 million INR, amid improving diplomatic relations between India and China.  
- The company's senior management is set to visit India as part of this initiative, following a period of easing tensions after border skirmishes in 2020.  
- This move comes as Tesla faces slow growth in India and declining sales in other markets, while BYD has reduced its annual sales target due to increased competition in the Chinese market.

Amid Tesla's Slow Growth, Rival BYD Plans Renewed India Push As Ties Between New Delhi, Beijing Warm Up: Report