BYD Reportedly to Set Up its New Plant Near Hyderabad, With Expected Investment of About USD 10 Billion

As per what has been reported, the Chinese EV manufacturer – BYD is planning to set up a new production plant in India near Telangana’s capital city – Hyderabad. The investment for this initiative is also said to be about USD 10 billion.

Here’s more about the update.

BYD Plant to Come Near Hyderabad, Says Report

In a report from Deccan Chronicle, it has been revealed that a new BYD production plant is going to be set up in India near Hyderabad, and the Telangana Government has already suggested multiple locations around this city for the brand’s facility. The investment is expected to be about USD 10 billion, and the initiative is believed to open more job opportunities within the state, strengthen its EV sector, and also introduce new technologies.

Speaking more, an earlier proposal from BYD to set up a plant in Telangana was actually rejected, adding more context to the current development. Additionally, MEIL’s (Megha Engineering and Infrastructure Limited) Olectra Greentech based in Hyderabad, Telangana, already makes electric buses in the state making use of BYD’s technology, pointing to an existing connection. Also to add, the Telangana Government’s new EV policy to boost EV adoption is also a notable pointer (which includes 100% exempt from road tax and registration on EV), both for BYD’s decision and accelerating EV transition in the state.

BYD as of now is growing in the global market as a leading EV manufacturer, and its interest in the Indian market also aligns with this. Last year in 2024, reportedly the brand sold 4.27 million units of electric and hybrid vehicles. generating a revenue of USD 107 billion. In comparison, Tesla only sold 1.79 million units of its EV models, making USD 97.7 billion in revenue.

In related news, there are also talks that if BYD hasn’t made the final decision of setting up its plant near Hyderabad, the brand must also consider Tamil Nadu too as an option and the state government there must try to convince BYD on why it is the EV hub of India and about its much more developed ecosystem (~ with EV encouraging government policies, established automotive industry, skilled workforce, and robust supply chain being).