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The Indian electric vehicle (EV) market is witnessing rapid growth, attracting interest from major global manufacturers. While Elon Musk-led Tesla is still preparing for its entry into India, Chinese EV giant BYD (Build Your Dreams) has already established a presence in the country. Now, the company is reportedly planning to strengthen its foothold further by setting up a manufacturing facility in Hyderabad, Telangana.
According to a report, BYD is considering an investment of ₹85,000 crore ($10 billion) in Hyderabad to establish this facility. The company has been scouting for land in Telangana, and Hyderabad appears to be the most likely location for the project. Once operational, the facility will be dedicated to producing electric vehicles, boosting BYD’s manufacturing capabilities in India.
The proposed plant is expected to span over 500 acres and will have the capacity to manufacture 6,00,000 electric vehicles annually by 2032. Additionally, the facility will house a battery production unit with a 20 GWh capacity, which could help reduce vehicle prices and further solidify BYD’s position in the Indian market.
With this development, Hyderabad is set to emerge as a key hub for EV manufacturing in India. To encourage EV adoption, the Telangana government has introduced a new electric vehicle policy, offering full exemption from road tax and registration fees for all EVs. This initiative will remain in effect until December 31, 2026, further supporting the growth of the EV ecosystem in the state.
