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Currently, BYD has multiple brand names in its portfolio, from the budget-oriented Seagull city car to the recently introduced YangWang luxury marque.
In Primeshots today: Ministries squint at BYDs plans; the Street prospects for PVR Inox; and the West wants India as an ally.
Tesla might reportedly make up to 500,000 vehicles annually in India, according to reports, while BYD is considering a venture in the market with a local company.
India Business News: NEW DELHI: In a setback to Chinese companies looking at joint venture route to expand India footprint, a proposal from automaker BYD to partner Hydera.
Chinese automaker BYD's proposal to partner with Megha Engineering and Infrastructure (MEIL) for electric vehicles in India has hit a security roadblock, reflecting the government's concerns about Chinese companies' control and technology sharing. The Indian government has tightened FDI regulations for companies from bordering countries, leading to increased scrutiny and delays in investment proposals.