Chinese Automobile Company BYD to Focus on Rs 25-45 Lakh Price Range Vehicles in India

Chinese electric automaker BYD to focus on launching vehicles in the Rs 25-45 lakh price range in India as quoted by its Head of Electric Passenger Vehicles in India Rajeev Chauhan to the Business Standard. Last September, Chauhan told this newspaper that the company was evaluating two extremes Rs 20-25 lakh and Rs 40-45 lakh segments for the launch of its new SUV, and a decision would be taken by 2024-end.

Meanwhile, BYD unveiled its premium SUV Sealion 7 for the Indian market at the ongoing Bharat Mobility Global Expo. While the company will reveal the car price on February 17, it is expected to be around Rs 40-45 lakh. Sealion 7’s deliveries to customers will begin from March 7.

BYD India sold 3,500 cars in 2024 as compared with 2,500 units in 2023. "In 2025, it will be a double-digit growth for sure," Chauhan said. The company currently imports all its cars from China. According to government regulations, a company is permitted to import no more than 2,500 units of a single model annually. This cap does not apply to model if it obtains a homologation certificate from the government-run Automotive Research Association of India (Arai), which certifies that the vehicle meets Indian safety and regulatory standards.