BYD eyes leadership position in Indian electric passenger vehicle market
Chinese electric carmaker BYD is eyeing a leadership position in the Indian electric passenger vehicle market as it looks to garner a market share of 40 per cent in the segment by 2030, a senior company official said on Tuesday.
The company, which launched its second product, an electric sports utility vehicle ‘ATTO 3’ for the Indian market, is banking on its globally acclaimed prowess in new energy vehicle technology to achieve its goals.
Currently, homegrown automaker Tata Motors leads the electric passenger vehicle segment. Rival Mahindra & Mahindra is also bullish on the segment with plans to roll out multiple models over the next few years.
