This is a strategic decision taken by the company given the need and rising demand for EV vehicles in this important area
Warren Buffett-backed electric vehicle maker BYD’s Indian arm BYD India revealed that it is planning to unveil an electric multipurpose vehicle (MPV) for the B2B segment in the fourth quarter of 2021.
This is a strategic decision taken by the company given the need and rising demand for EV vehicles in this important area.
The decision to enter the B2B segment was also in line with its electrification transport solutions goal which is to bring about a cleaner global environment and help India achieve its ESG goals, BYD India said.
“We are eager to bring our advanced green technology to assist Indian businesses to achieve their EV goals. We have received tremendous response for our electric buses as well as forklifts, especially from the Indian public and B2B sector,” executive director Ketsu Zhang said in a statement.
“Seeing this, we have decided to introduce more electric commercial vehicles to B2B segment starting Q4, 2021. Moving forward, we would love to be a part of every Indian consumer’s journey into electric vehicles, the plans for which are still in the pipeline stage,” he said.
BYD India was registered in 2007 in Chennai, along with the construction of an electronics manufacturing plant. Later on, in early 2013, BYD India began to explore the electric vehicle market in India. Following this, on August 20, 2013, the first pure electric bus arrived in the Port of Chennai, making the BYD K9 the first pure electric bus in India.
BYD recently celebrated eight years of successful EV business operations in India. BYD electric buses have operated in more than 10 cities in India, including Mumbai, Hyderabad, Pune and Kerala.
BYD India has been involved in various fields of industries ranging from electronics manufacturing to assembling electric buses and power batteries. In the future, it plans to develop the fields of battery, energy storage, as well as electric passenger vehicles.