Buffett backed BYD aiming for 40% share in India’s electric vehicle market by 2030
Warren Buffett-backed BYD (Build Your Dreams), which rivals Elon Musk’s Tesla in the global leadership race for green-car sales, is looking at cornering a 40% share of India’s electric vehicle market by 2030.
BYD Tuesday took the covers off its second vehicle Atto 3, targeting personal buyers in the country where Tata Motors currently leads the EV race. To be sure, unlike Tesla, BYD also sells hybrid vehicles. Tata Motors, however, is focused on pure EVs, having given the hybrid technology a miss.
