Chinese EV giant BYD to set up Rs 85,000 Cr manufacturing facility in Hyderabad, Telangana.


Also read :Mukesh Ambani-owned Reliance Industries to Build World’s Largest Data Centre in Jamnagar

Chinese electric vehicle (EV) giant BYD is set to make a massive investment of ₹85,000 crore to establish a state-of-the-art manufacturing facility in Hyderabad, Telangana. This marks one of the largest foreign direct investments (FDI) in India's EV sector.

Also read :Nagpur to Launch India’s First Trolley-Electric Bus Service

The new plant will focus on producing electric cars, batteries, and related components, strengthening BYD’s presence in the Indian market. The facility is expected to generate thousands of jobs and boost the local economy while advancing India’s EV adoption goals.

Also read :Jio, BSNL, and Airtel Users Can Now Make Calls Using Any Available Network

BYD, which currently sells EVs like the Atto 3 and Seal in India, aims to expand its market share and compete with domestic and global players. Telangana's business-friendly policies and robust infrastructure played a key role in attracting this investment.

Also read :India's Electronics Exports Hit 24-Month High at $3.58 Billion in December 2024

This development aligns with India’s push towards green mobility and reducing dependence on fossil fuels, further solidifying its position as a future EV manufacturing hub.

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