04-April-2025
Corporate News
 
BYD denies Hyderabad EV plant plans, calls investment reports 'untrue'
02-Apr-2025

Chinese electric vehicle (EV) maker BYD has refuted claims suggesting it intends to establish a manufacturing plant in India, according to a report by TechinAsia.com. The company dismissed the reports as “untrue” in an official statement posted on its WeChat account. Last week, various media outlets reported that BYD plans to invest approximately $10 billion to develop a production facility in Hyderabad. However, the company clarified that no such agreement or investment decision has been finalised.

News Source:- https://www.business-standard.com/industry/auto/byd-denies-hyderabad-ev-plant-investment-china-india-manufacturing-125040100889_1.html
 
 
 

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