BYD is reported to be evaluating its plan to expand into the Indian market, including promoting local assembly
According to sources cited by Bloomberg, BYD (01211.HK) is considering expanding into the Indian market, including promoting local assembly to meet the increasing demand for the company locally.
It is reported that due to India's implementation of import quota restrictions, BYD is evaluating local assembly in India and is committed to obtaining local safety and regulatory certifications for more vehicle models. However, India previously rejected BYD's plan to build a complete factory locally, so BYD is considering assembling semi-finished parts locally.
Sources say that due to strong demand in India, dealers currently have hundreds of orders backlog, and BYD is reassessing ways to sell more cars in the Indian market
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