BYD's planned ₹85,000 crore investment is one of the largest foreign direct investments in India's EV sector.
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BYD's planned ₹85,000 crore investment is one of the largest foreign direct investments in India's EV sector.
Chinese electric vehicle (EV) giant BYD is set to make a substantial investment of ₹85,000 crore ($10 billion) to establish a major manufacturing facility in Hyderabad, Telangana, according to recent reports. This move signals a significant expansion of BYD's presence in the burgeoning Indian EV market.
This development aligns with India's broader push towards electric mobility and its goal of reducing reliance on fossil fuels. BYD's move is expected to intensify competition in the Indian EV market, potentially leading to more affordable electric vehicles for consumers.
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