China's BYD plans India push, eyes 40% of world's 4th-biggest auto market

India's switch to electric vehicles is lagging behind other countries such as China and the US, hampered by high upfront costs and a lack of charging infrastructure

Chinese carmaker BYD Co. is planning a bold push into India’s electric car market, joining a rush of foreign carmakers jockeying for a bigger share of the world’s fourth-biggest auto market.   
 

The Warren Buffett-backed BYD is seeking to capture 40% of India’s EV market by 2030, Sanjay Gopalakrishnan, senior vice president of its local unit, said in an interview at India Auto Expo 2023 on the outskirts of New Delhi.

“Being a global manufacturer, we have to keep aggressive goals,” Gopalakrishnan said. India is a good bet because “people are realizing the need for EVs and the charging infrastructure