BYD to Invest Rs 85,000 Crore in Hyderabad for Massive EV and Battery Plant

The electric vehicle (EV) revolution in India is gaining momentum, and global manufacturers are eager to be part of this dynamic market. While Tesla is still planning its entry, Chinese EV giant BYD is already making significant strides. Reports suggest that BYD is set to establish a massive manufacturing facility in Hyderabad, reinforcing its commitment to the Indian market.

According to industry sources, BYD is considering an investment of Rs 85,000 crore ($10 billion) to develop a state-of-the-art EV plant in Telangana. The proposed facility is expected to cover 500 acres and have the capacity to manufacture 600,000 electric vehicles by 2032. Additionally, a dedicated battery production unit with a capacity of 20 GWh is also in the works.

This strategic move is expected to have a profound impact on India’s EV landscape. By setting up local manufacturing, BYD aims to reduce vehicle costs, making electric mobility more accessible to Indian consumers. The new plant will also generate employment opportunities and contribute to the growth of the EV ecosystem in the region.

Hyderabad is on track to becoming a major hub for electric vehicle production. To further encourage EV adoption, the state government has rolled out an ambitious electric vehicle policy. This includes full exemptions on road tax and registration fees for all types of EVs, a policy that will remain in effect until December 31, 2026.

With this landmark investment, BYD is not just expanding its footprint but also shaping the future of sustainable transportation in India. As demand for electric vehicles continues to surge, Hyderabad is poised to play a pivotal role in driving the nation’s transition to cleaner mobility.