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EV makers BYD and Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) have submitted a joint proposal for setting up a 10,000-15,000 unit four-wheeler making factory in Hyderabad.
BYD's plans to enter the Indian market with its electric cars and batteries may face hurdles due to security concerns, hindering the $1 billion investment proposal submitted in partnership with Megha Engineering and Infrastructures., Companies News, Times Now
The home affairs and external affairs ministries are uncomfortable with the entry of Chinese players into the Indian market, given the government's stance on security concerns regarding certain Chinese companies, , BYD Auto, indian automotive industry, electric vehicles
NEW DELHI (Reuters) -China's BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private. The longer-term plan is to build a full line-up of BYD-brand electric cars in India from hatchbacks to luxury models, one of the three pe...
The longer-term plan for the BYD-Megha joint venture is to build a full lineup of BYD-brand electric vehicles in India, from hatchbacks to luxury models.