At a time when Maruti Suzuki and Hyundai Motor India prepare to enter the mainstream EV market in 2025, BYD – the world’s second-largest electric carmaker – is considering its own B-segment or midsize electric SUV priced around Rs 20 lakh.
- New BYD eSUV to arrive in second half of 2025
- BYD looking to take on Tata Curvv EV, Hyundai Creta EV and Maruti eVX
The company has shortlisted a few models for the Indian market, and if the exploration concludes favourably, BYD India could enter the Rs 20 lakh EV segment by the second half of 2025, challenging Hyundai’s Creta EV and Maruti Suzuki’s eVX.
The model may be showcased at the upcoming Bharat Mobility Show in January 2025, which could act as a solid platform to gauge prospective buyers’ interest in the SUV.
Rajeev Chauhan, head of Electric Passenger Vehicles (EPV) Business at BYD India told our sister publication Autocar Professional, “There are many auto companies in India doing some small or big research, including ours. There is a plan to introduce an SUV priced between Rs 20 lakh and Rs 50 lakh, which will be decided based on the study’s outcome,” he said.
“Our products are not positioned in the Rs 15 lakh-25 lakh market – that is a large market, and we are on that journey. We need these learnings to develop the right business case to enter the next orbit,” said Chauhan.
BYD will also challenge market leader Tata Motors, which is in a portfolio-expansion mode. SUV specialist Mahindra will also enter the fray with a range of born-electric SUVs.
Also see:
BYD eMax 7 to come with three rows of seating
BYD Seal facelift gets new interior, faster charging
BYD Atto 3 vs rivals: price, battery, range compared
Thank you for taking the time to read this article! I hope you found the information insightful and helpful. If you enjoyed this type of content, please consider subscribing to our newsletter or joining our community. We’d love to have you! Feel free to share this article with your friends and family, who might also find it interesting.
Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.