BYD Eyes a large chunk of Indian electric passenger vehicle market

BYD Eyes a large chunk of Indian electric passenger vehicle market

Inaugurating its first vehicle showroom at Kochi in Kerala, BYD India Private Limited (BYD India) is slowly and surely entrenching itself into the Indian electric passenger vehicle space. As it does so, it is eying a big chunk of the growing electric passenger vehicle market. In what is expected as a market place that will spearhead a shift to alternate fuel vehicles in the mid- to long-term, BYD India, a subsidiary of China-based BYD company that specialises in the manufacture of electric buses and passenger vehicles, is looking at getting closer to its target customers by offering the BYD electric MPV and e6. 

Managed by EVM Southcoast in Kochi, the BYD India dealership will facilitate automotive consumers and buyers to seek one of the best electric vehicles available in the market, according to Sanjay Gopalakrishnan, Senior Vice President – Electric Passenger Vehicle Business, BYD India. “Starting from Kochi, we are getting closer to our target customers and are delighted to inaugurate our first showroom in the country with EVM Southcoast. We hope that our customised products and service will spur and accelerate green initiatives in the region,” he added. 

Of the opinion that Kochi is the most densely populated city of Kerala and is also known as the financial, commercial and industrial capital of the state, Shrirang Joshi, National Sales Head – Electric Passenger Vehicles Business, BYD India, mentioned, “Kochi has immense potential for premium passenger cars and we strongly believe that BYD will be the main contributor to EV adoption in the EPV segments in Kerala.” Spreading its wings in the Indian market with a careful study of which products will appeal and which markets are likely to accept them sooner than later, BYD India as the subsidiary of Warren Buffet-backed Chinese electric vehicle manufacturer that overtook Tesla this year is confident that it will find a way to be among the leading electric vehicle manufacturers in the country. 

It is no secret that BYD as a brand is already gathered an amount of visibility in India. The electric buses it produces in India in collaboration with Olectra are a common sight on Indian roads – in cities especially where they form a part of the fleet of STUs. Electric buses made by Olectra-BYD (this company is surprisingly claimed to have connection whatsoever with BYD India) are also found with some inter-city operators – public and private. These e-buses also reflect the fact that BYD is not new to this market as has already done its homework. 

The Chinese company has already gained a good insight into the factors that are driving the shift to electric vehicles. Claimed to be working on a plan to build its own manufacturing facility at Sriperambudur near Chennai, BYD, it is certain has done its calculation. It has learnt from the competition it has in the electric bus space in the country. With years of experience and knowledge in the manufacture of electric vehicles as diverse as buses and passenger vehicles, it is slowly and surely moving forward in a market place that saw the homegrown Mahindra & Mahindra unveiled an electric version of its XUV700 SUV among a few other exciting electric passenger vehicles recently. Currently, it is MG Motors and Tata Motors that are having a good hold in the electric passenger market in India. 

Expected to participate in the upcoming Auto Expo to highlight its commitment towards the Indian market, BYD India plans to sell about 1000 electric vehicles. These, it is said, will be assembled locally in line with the government policies in place for EVs and to take advantage of the PLI scheme, which provides a distinct advantage to those who manufacture locally and leverage the local supply chain. 

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    Tata Motors To Supply Additional 148 Starbus Electric Buses To BMTC

    Tata Motors To Supply Additional 148 Starbus Electric Buses To BMTC

    Bengaluru Metropolitan Transport Corporation (BMTC) has placed an extra order for 148 electric buses from Tata Motors, the biggest commercial vehicle manufacturer in India. This purchase comes after BMTC placed an earlier order for 921 electric buses, the majority of which have been delivered and are operating effectively with an uptime of more than 95 percent.

    The Tata Starbus EV 12-metre low-floor electric buses will be supplied, operated and maintained for a term of 12 years by TML Smart City Mobility Solutions Ltd, a completely owned subsidiary of Tata Motors. With its best-in-class features and outstanding design, the Tata Starbus EV offers a pleasant and environmentally friendly commute. These zero-emission electric buses are built on cutting-edge battery technologies and next-generation design to provide a convenient, safe and comfortable intra-city journey around Bengaluru.

    Ramachandran R, IAS, MD, BMTC, said, "We are happy to further strengthen our partnership with Tata Motors with these additional 148 electric buses for our fleet modernisation. The performance of the existing Tata electric buses has been exceptional, aligning perfectly with our commitment to sustainable and efficient public transportation. The larger e-bus fleet will significantly enhance our capacity to provide eco-friendly, comfortable and reliable services to the citizens of Bengaluru."

    Asim Kumar Mukhopadhyay, CEO and MD, TML Smart City Mobility Solutions Limited, said, "We are honoured by BMTC's continued trust in our e-mobility solutions. This additional order of 148 buses is a testament to the proven success of our Starbus EVs and the operational excellence delivered in Bengaluru's urban environment. We remain committed to delivering innovative solutions that benefit both the community and the environment."

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      Maruti Suzuki India e Vitara Teased, Launch At Bharat Mobility Global Expo 2025

      Maruti e Vitara

      Maruti Suzuki India (MSIL), the country's largest passenger vehicle manufacturer, has shared the teaser image for its first electric vehicle product - the e Vitara.

      Set to be unveiled at the Bharat Mobility Global Expo 2025, the e Vitara will be made in India for the world. It was recently unveiled by Suzuki Motor Corporation at Milan, Italy.

      Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, “The e Vitara is a testament of our unwavering commitment to sustainable mobility and technological innovation. With decades of automotive expertise, we have combined advanced electric technology with a customer-first approach to deliver something truly transformative. At Maruti Suzuki, we have always believed that to promote EV adoption, we need to create a holistic ecosystem that simplifies customers' battery electric vehicle ownership journey.”

      “A critical barrier to the adoption of EVs is the lack of accessible charging. To tackle this issue, we are committed to introduce a reliable and comprehensive EV ecosystem alongside the e Vitara. This will include home charging solutions as well as a nationwide network of fast chargers available at Maruti Suzuki dealerships and service touchpoints. Our goal is to make EVs accessible, convenient, and appealing to a broader set of customers, and this is exactly what we have set out to achieve with the e Vitara,” he added.

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        WardWizard Sees 24% Sales Growth In FY2026; New Launches To Drive Retail Performance

        WardWizard

        ​​Vadodara-headquartered electric vehicle company WardWizard Innovations & Mobility recently launched its new range of EV offerings, which it expects to give a new charge to its retail sales.

        It was on 13 December 2024 the Joy e-rik V1 (L5) and Joy Bandhu (L3) electric three-wheelers in the passenger category and Joy Sahayak + Cargo (L5) and Joy Eco Loader (L3) in the electric three-wheeler cargo space were launched by the EV maker, thus marking its entry into the fast-growing electric three-wheeler space.

        The Joy e-rik V1, priced at INR 385,000 (ex-showroom), comes with 10.24 kW li-ion battery, 50 kmph max speed and 140 km claimed range on a full charge. It can be charged in 4.5-5 hours using the 50 Amp charger.

        The Joy Bandhu priced at INR 134,000, uses a 7.2 kW lead-acid battery, has a claimed range of 120 km and top speed limited to 25 kmph.

        On the other hand, the Joy Sahayak + Cargo, priced at INR 424,000, is targeted for payload capacity of 650 kg + driver, max speed of 50 kmph, up to 130 km range on a single charge. It uses a 10.2 kW LFP li-ion battery and can be charged in four hours using 50 Amp charger. The Joy Eco Loader, on the other hand, comes with a payload capacity of 310 kg + driver and is priced at INR 130,000.

        At present, electric three-wheeler sales in India are averaging 56,674 units a month (CY 2024) as compared to 47,204 units last year. What’s also driving the sales is the government incentives like the Centre’s PM E-Drive scheme that provides demand incentives to support purchase of 316,000 e-three-wheelers including e-rickshaws. They are entitled to a subsidy of INR 25,000 in the first year and INR 12,500 in the second year. For the L5 category (cargo e-three-wheelers), the incentive is INR 50,000 per unit in the first year and INR 25,000 the next.

        For the Vadodara-based EV maker, the idea to enter the electric three-wheeler space is on the back of the growing demand for greener last-mile delivery as well as last-mile mobility connectivity options.

        Interestingly, it has already onboarded 27 dealerships that will focus on selling electric three-wheelers. Furthermore, it will also provide preference for its around 900 existing dealer and network partners to sell its new offerings.

        For FY2025, WardWizard Innovations & Mobility estimates to sell around 50,000 units of electric vehicles across electric two-wheelers (low speed and high speed) and three-wheelers (L3 & L5) in India. It estimates that the sales will grow by 22-24 percent YoY in FY2026.

        While it has recently entered the e-three-wheeler space, the company expects the new products to have around 30-35 percent share in its overall sales starting from FY2026.

        On the other hand, reducing its reliance on low-speed electric two-wheeler category, the company also introduced a new high-speed e-scooter ‘Nemo’. Priced at INR 99,000 (ex-showroom), it comes with a 40 Ah NMC li-ion battery and a 1,500W DC brushless hub motor that gives it a max speed of 65 kmph. It has a claimed range of 130 km on a single charge in Eco mode. The e-scooter uses a digital speedometer, 5-inch full-colour TF display and projector LED headlight. The company has targeted a modest 2,000 units sales for Nemo in the next three months.

        The EV maker currently has an installed capacity to produce 73,000 electric two-wheelers, 7,300 L5 electric three-wheelers and 18,250 L3 electric three-wheelers per annum. The company claims that apart from some plastic components and cells being imported, everything has been localised.

        It further aims to start manufacturing its own batteries in the next one year in Vadodara, for which the pilots are underway.

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          CII Bestows Industrial IP Award 2024 To Matter For Its Innovations

          Matter - CII

          Ahmedabad-based electric mobility start-up Matter was recently awarded the 10th CII Industrial IP Award 2024 at the CII Annual Summit on Technology, Intellectual Property, and Industry-Academia Partnership, held on 12th and 13th December in New Delhi.

          The recognition was on the back of the company’s robust portfolio of over 300 patent applications and 58 granted patents in areas such as powertrain cooling, gearbox technologies, charging infrastructure, and manufacturing automation.

          The EV maker is the first to launch a geared e-motorcycle called ‘Aera’, which it expects will play a key role in driving higher adoption of green vehicles in the motorcycle space.

          Kumar Prasad, Founder and CTO, Matter, said, "Innovation has always been at the heart of Matter’s vision. This award reaffirms our commitment to redefining the electric mobility sector with pioneering research and development. We are proud to contribute to India’s vibrant IP ecosystem and continue driving technological advancements for a sustainable future."

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