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

(Bloomberg) — Chinese carmaker BYD Co. Ltd. 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-largest 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.