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China’s BYD Plans Push Into India’s Burgeoning EV Market

  • Automaker seeks to capture 40% of India EV market by 2030
  • BYD will introduce luxury Seal EV sedan by end of this year
Bloomberg business news
WATCH: Buffett-backed BYD says it’s seeking to capture 40% of India’s EV market by 2030. Rishaad Salamat reports.Source: Bloomberg
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Chinese carmaker BYD Co. is planning a bold push into India’s electric car market, joining a rush of foreign carmakers jockeying for a bigger share of the world’s fourth-biggest auto market.   

The Warren Buffett-backed BYD is seeking to capture 40% of India’s EV market by 2030, Sanjay Gopalakrishnan, senior vice president of its local unit, said in an interview at India Auto Expo 2023 on the outskirts of New Delhi.