In 2023, BYD, in collaboration with Megha Engineering and Infrastructures Ltd (MEIL), submitted a $1 billion investment proposal to set up an EV manufacturing plant in Telangana. The proposed facility aimed to produce 10,000–15,000 electric cars annually, starting with BYD’s e6 multi-utility vehicle.
Despite the central government’s rejection, the Telangana state government has shown continued interest in attracting BYD’s investment. Officials identified 200 acres near Hyderabad for the proposed facility and expressed hope for a revival of the joint venture project, contingent on improved bilateral relations and a softening of the Indian government’s stance on Chinese investments.
As of now, BYD operates in India through its subsidiary, focusing on electric buses and passenger vehicles, without any large-scale manufacturing ventures. The company’s plans for a manufacturing facility in Hyderabad remain uncertain, given the Indian government’s cautious approach towards Chinese investments.
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