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NEW DELHI: China’s leading electric vehicle manufacturer BYD, which has won Indian tenders with astonishingly low bids, will focus on providing ebuses for public transport and keep off cars although Indian auto companies had approached it for cooperation in passenger cars, a top company official said.
The global strategy of the Chinese giant, which has partnered with Hyderabad-based Goldstone, is to focus on public transportation, senior company executives said. Its Indian rivals, who lost out in the tender for e-buses, were worried about BYD’s possible entry in the passenger car segment, and allege that the Chinese firm’s presence goes against the ‘Make in India’ mission of the government.
“We do not plan to come into cars as of now. It’s not the right time. It is BYD’s strategy to promote public transportation globally,” Zhang Jie, executive director of BYD India told ET.
BYD has formed a strategic partnership with Hyderabad-based Goldstone for providing technology support to the latter. Goldstone-BYD recently turned heads after bagging contracts for electric buses under the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme that offers up to 60% subsidy on ebus procurement.
“Our first priority is that these buses be deployed successfully,” Xie added. Goldstone-BYD buses have been plying in India since September 2017 and have covered route distance of 200,000 kilometres since
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