Chinese auto and electronics major BYD is planning to double its bus manufacturing capacity in India and will open bookings for its electric multi-purpose vehicle (MPV) product — T3 — soon, to tap the emerging electric vehicle (EV) market. The company has received orders for 200 units already and aims to sell around 10K units within two to three years.
BYD produces 2,000 electric buses annually in its Chennai-based manufacturing unit. The company is now targeting to increase its manufacturing capabilities to 5,000 vehicles annually, BYD India’s executive director Ketsu Zhang was recently quoted. For this, the company has also partnered with Hyderabad-based Olectra for manufacturing and supplying electric buses.
Just last week, BYD signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 2,800 crore in manufacturing components for mobile phones.
The vehicle will be in line with BYD’s strategy of ‘Public Transportation Electrification’ and ‘7+4 Full Market Strategy’. ‘Public Transportation Electrification’, like the name suggests, aims to boost for electrification of public transportation in India. ‘7+4 Full Market Strategy’, on the other hand, has a more wholesome agenda.
“The BYD ‘7+4 Full Market EV Strategy’ encompasses most forms of ground transportation as well as every aspect of daily transportation needs. It comprises seven conventional types of transportation (passenger vehicles, taxis, buses, coaches, urban logistics vehicles, urban construction vehicles, and urban sanitation vehicles) and four specialized types of transportation (vehicles for mining, ports, airports, and warehousing). Our ambition is to introduce the complete ‘7+4’ solution into the Indian market,” said Zhang.
As of now, BYD has sold 200 battery-electric buses in India which run commercially in places including New Delhi, Bengaluru, Hyderabad and Chandigarh among others. These buses are divided across two makes – a 9-meter-long BYD K7 and a 12 meter K9, both produced locally in the country. As per the figures provided by the company, both the e-buses are able to run up to 250 km on a single charge.
BYD’s business covers mobile components, solar panels, battery energy storage electric buses, electric trucks, electric forklifts, chargers, rail transit, etc., provides customers with product solutions and related after-sales services.
India is gradually becoming the hub of electric buses. Apart from spotting such environmentally-friendly vehicles on the roads, a look at their production numbers seems to reiterate this fact. For both its domestic and overseas markets, Chinese auto major BYD operating in India now aims to join this trend.