We learned from Chinese social platforms that BYD YUAN PLUS will enter into the Indian market. Meanwhile, according to Sanjay Gopalakrishnan, senior vice president of BYD India’s electric passenger vehicle business, BYD plans to enter the Indian electric vehicle market during the upcoming festive season (around September).
According to Chinese media reports, BYD Auto may use the upcoming 2023 Auto Expo in Delhi to showcase new products that may enter India, which may include the BYD Yuan PLUS and other models exposed this time. At the same time, BYD initially plans to sell 10,000 vehicles in India, and plans to build an assembly plant in India in the future.
It is worth mentioning that in the past two years, BYD’s overseas market layout has been very vigorous, and it has successfully “penetrated” many markets in Europe and Southeast Asia. And signed an agreement on buying land and factory construction in Thailand. It marks the official landing of the first overseas passenger car factory wholly invested by BYD in Thailand. It is reported that BYD’s Thailand plant will produce right-hand drive vehicles. It is expected to start operation in 2024, with an annual production capacity of about 150,000 vehicles. The vehicles produced will be put into the Thai domestic market and radiate to neighboring ASEAN countries and other regions.