chinese ev manufacturer byd to make in india n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Chinese EV Manufacturer BYD to 'Make in India' for Domestic Market, Exports PowerPoint Presentation
Download Presentation
Chinese EV Manufacturer BYD to 'Make in India' for Domestic Market, Exports

Loading in 2 Seconds...

play fullscreen
1 / 2

Chinese EV Manufacturer BYD to 'Make in India' for Domestic Market, Exports - PowerPoint PPT Presentation


  • 3 Views
  • Uploaded on

Read more about Chinese EV manufacturer BYD to \'Make in India\' for domestic market, exports on Business Standard. Hyderabad-based Gold Stone Group, which sells BYD buses in the country, is setting up a greenfield manufacturing facility in the country at a cost of around Rs 2 billion

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Chinese EV Manufacturer BYD to 'Make in India' for Domestic Market, Exports' - priya32438


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
chinese ev manufacturer byd to make in india

Chinese EV manufacturer BYD to 'Make in

India' for domestic market, exports

Soon, Chinese electric bus maker BYD will start manufacturing in India for the

domestic market, as well as exports to neighbouring countries. Hyderabad-based

Gold Stone Group, which sells BYD buses in the country, is setting up a greenfield

manufacturing facility in the country at a cost of around Rs 2 billion.

Goldstone Infratech Managing Director N K Rawal said the new facility, coming up

this year and to be spread across 100 acres at Bidar in Karnataka, will have an

initial capacity of around 1,000 units a year. Localisation of the product, around

25 per cent initially, will be increased to 50 per cent by 2020.

"We will also start manufacturing batteries in India," said Rawal. His company is

also talking to various state transport undertakings (STUs) and other players to set

up charging stations. He expects 10 cities – Mumbai, Ahmedabad, Jammu, Delhi,

lucknow kolkata guwahati hyderabad indore

Lucknow, Kolkata, Guwahati, Hyderabad, Indore and Bengaluru – to bid for 390

electric buses in the coming months.

A major challenge for STUs is upfront cost, even as they realise that the total cost

of ownership will be low. While the cost of buses is coming down and the

government is also supporting with new schemes to induct electric buses, the

company says it is open for a public-private-partnership model, under which to

would acquire and manage vehicles, and STUs could operate and share the

revenue.

Rawal said the company would also start exporting buses, under the BYD brand to

neighbouring countries starting this year. On whether Goldstone will also look at

other segments, Rawal said: "We are exploring, nothing has been finalised yet."

Goldstone Infratech has signed a technical collaboration agreement with China’s

BYD, one of the largest electrical vehicle manufacturers in the world. Besides

buses, BYD also manufactures electric cars and trucks. Goldstone is the first

company to have bagged orders for 31 buses and delivered 100 per cent electric

buses to two STUs –Himachal Roadways and Transport Corporation (HRTC) and

Brihan Mumbai Electricity Supply and Transport Undertaking (BEST). The company

also completed trials of its electrical buses in Delhi, Bengaluru, Hyderabad, Rajkot

and Chandigarh.

Article By - Business Standard