BYD India: Facts & Figures


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Nairrk

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BYD India inks MOU with HDFC Bank for dealer finance

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BYD India, a new energy vehicle manufacturer, signed an MOU with the HDFC Bank towards a stock financing solution to its pan India dealer network. The strategic tie-up will provide BYD’s dealers access to inventory finance for the electric cars.
HDFC Bank’s dealer finance solution provides a bouquet of customised products offering tailored solutions for electric car dealers and BYD’s end customers.

BYD now has four industries including auto, electronics, new energy and rail transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 70 countries and regions and over 400 Cities.

Commenting on the strategic tie-up with BYD India, Vikas Pandey, Business Manager, Auto Loan, HDFC Bank, said, “We believe in creating an ecosystem that brings OEMs, dealers and financiers together thus enabling customers to purchase their Electric Vehicle. ”

HDFC Bank has committed to becoming carbon neutral by FY2032. This tie-up is a step towards that.

Sanjay Gopalakrishnan, Sr Vice President – Electric Passenger Vehicle Business – BYD India, added, “The strategic tie up with India’s largest private bank gives our dealers access to Inventory funding and cash credit. This will also help them manage other expenses. Dealers are the frontrunners for our electric car sales and we are happy to support them through this tie-up.”

With the goal to achieve net-zero emissions by 2070 in India, BYD is committed and will constantly work closely with its partners to provide low-carbon products for the local market.

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BYD India has inaugurated its first passenger vehicle dealership in India. The showroom is situated in Ernakulam and will be managed by EVM Southcoast in Kochi.

The showroom is spread across 2500 sq.ft and is equipped with well-trained technicians, complete facilities including service bays, customer lounge area, EV charging stations etc.

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Press Release:
BYD India Private Limited, a subsidiary of the world’s leading new energy vehicle manufacturer, BYD, today inaugurated its first dealership showroom of passenger vehicles at Ernakulam. The dealership will be managed by EVM Southcoast in Kochi.

The showroom was inaugurated by Sabu Johny, Managing Director of EVM Group in the presence of senior officials of BYD India and EVM Southcoast.

EVM Southcoast will provide consumers in the Kerala market with access to BYD’s pure electric vehicles. With considerable experience in the automobile industry, EVM Southcoast has extensive reach and covers neighboring regions in the market. Residents of Ernakulam will now be able to buy one of the best electric vehicles without leaving their city.

The showroom is equipped with well-trained technicians and complete facilities including service bays, a customer lounge area and EV charging stations, aiming to offer customers the best in-store experience. The showroom covers 2500 square feet and features a relaxing lounge area for customers to enjoy.

Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicle Business of BYD India, said, “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 customized products and service will spur and accelerate green initiatives in the region.”

“Kochi is the most densely populated city of Kerala and is also known as the financial, commercial and industrial capital of the state. We are delighted to embark on a new journey with our first dealership in the state of Kerala. 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”, added Shrirang Joshi, National Sales Head of Electric Passenger Vehicles Business of BYD India.

Thejus Xavier, Director of EVM Southcoast BYD, said: “We are honored to associate with BYD, the world’s leading NEV manufacturer. With joint efforts, we will introduce more new energy models to the local market and promote a low-carbon lifestyle.”

As of January 2022, India has achieved 1% EV penetration. With the goal to achieve net-zero emissions by 2070 in India, BYD has worked closely with its partners to provide localized and green products for the local market.
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BYD has inaugurated a new dealership in Vijaywada, Andhra Pradesh. It’s spread across 2000 sq.ft and will be managed by PPS Motors.

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BYD has inaugurated its first passenger vehicle showroom in New Delhi at Okhla Industrial Hub. It’s managed by Group Landmark and spread across 6,600 sq.ft featuring a state-of-the-art 3S facility.

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Saw the BYD Delhi showroom while passing through. The car is showcased on the first floor and very prominent from far off, unlike other car dealers in the same area.

Meanwhile, BYD has also inaugurated a new dealer in Mumbai. It’s spread across 2,000 sq.ft and also managed by Landmark.

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BYD has inaugurated its sixth dealership in India at Bengaluru. It’s a 1,600 sq.ft showroom managed by PPS Motors.

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BYD is on a spree to setup its dealerships across India ahead of the launch of Atto 3. The latest showroom inaugurated is in Jaipur and managed by SKYY EVolution. It’s the first one in Rajasthan and 7th in India.

Spread across 3800 sq.ft, the showroom is located close to Jawahar Circle, equipped with well-trained associates, multi-car display, EV charging station and a customer lounge area.

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BYD has inaugurated a new 3S dealership in Chennai which is spread across 20,000 sq.ft. It's managed by KUN BYD. The brand has also showcased all-new Atto-3 EV.

BYD-Atto-Chennai-Showroom.jpg

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BYD to have 23 showrooms in time for Atto 3 deliveries in January

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BYD India will announce pricing for the new Atto 3 EV SUV in the coming weeks, with deliveries slated for January 2023. Ahead of its launch, the brand is working on expanding its retail network in the country.

At present, the company has 12 showrooms with plans to expand to 23 outlets by the end of this year, including five in November. By end-2023, the BYD is targeting an all-India network of close to 53 outlets.

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Globally, BYD sold 2,17,816 vehicles in October 2022, including 2,17,518 passenger vehicles, up 144.7% over the same period last year. Of the 2,17,518 vehicles, 114,361 are DM while 103,157 are EVs.

As of October 2022, BYD's cumulative global sales of new energy vehicles have exceeded 2.9 million. In October, 27,548 units BYD-ATTO 3 were sold and its cumulative global sales have exceeded 4,00,000 units.

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BYD India has tied-up with Kotak Mahindra Prime Limited to offer financing solutions to its dealers and customers. Kotak Prime has 129 branches in 21 states and union territories in India as on 30 September 2022.

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