BYD dethrones Tesla to become largest EV maker, may enter Indian market soon

BYD, a Chinese EV maker has become the world’s largest EV manufacturer dominating Tesla in Q2 2022. Beating out Elon Musk-led Tesla Inc by selling around 1 lakh units, a record number of vehicles, BYD secured 266 per cent Year over year(YoY) growth. These new milestones come as the global market opens up to EVs with a staggering 61 per cent YoY growth in EV sales.

The world’s current EV leader, BYD, also plans to open a shop soon in India and will start off. BYD currently has its e6 EV MPV on sale in India; however, the product initially catered to the commercial fleet market. But the sale will soon start off Mainstream products are likely to follow with the new with new EV product this festive season.

Chinese EV manufacturer BYD Auto sold more than 3,54,000 EV units in Q2 of 2022 and has recorded a 266 per cent YoY increase in sales. The exponential growth has helped BYD secure the top rank in EV production, and the company has successfully toppled Tesla, which so far secured the top spot.

BYD competitor, Tesla who is not sure of its debut in the Indian market has plans on assembling its products in a facility in Sriperumbudur, near Chennai whereas on the other side, BYD Auto, plans to enter the Indian EV space this festive season with products focused on the more mainstream EV market. The EV company might bring its well-known Blade battery technology, which could enable its vehicles to have a claimed range of around 450 to 500km on a single charge.

Meanwhile, Sanjay Gopalakrishnan, Senior Vice President of BYD India’s Electric Passenger Vehicles Business also addressed the launch of the Atto3 EV SUV in India after having received a warm response for the BYD e6 EV MPV.