[myavu]

Originally Posted by volkman10

Production Capacity: The plant is expected to have a capacity to manufacture 600,000 electric vehicles annually by 2032, along with a 20 GWh battery production unit.

If this materializes, this will be the news of the year. ₹85,000 Crores The grand beginning of real disruption in the Indian EV market.

Just imagine the Atto 3 at 15 lakhs and the Dolphin starting at less than 10 lakhs.

[carjack3090]

Originally Posted by myavu

If this materializes, this will be the news of the year. ₹85,000 Crores The grand beginning of real disruption in the Indian EV market.

Just imagine the Atto 3 at 15 lakhs and the Dolphin starting at less than 10 lakhs.

It won't be flat 70 percent reduction. Chinese Government provides BYD subsidies on production that Indian Government won't (at least not without PLI) so it will be priced at 18-20 Lakhs if made in India

[myavu]

Originally Posted by carjack3090

It won't be flat 70 percent reduction.

The current Chinese price for the base Atto 3 is 115,800 yuan (i.e., 13.7 lakhs). BYD can price it around 15 lakhs easily since the R&D cost has already been absorbed by the Chinese government's subsidy. The assembly lines, robotics, and other machinery will be a direct import. I believe BYD can disrupt the market appropriately.

[carjack3090]

Originally Posted by myavu

The current Chinese price for the base Atto 3 is 115,800 yuan (i.e., 13.7 lakhs). BYD can price it around 15 lakhs easily since the R&D cost has already been absorbed by the Chinese government's subsidy. The assembly lines, robotics, and other machinery will be a direct import. I believe BYD can disrupt the market appropriately.

Just how Indian government subsidies stuff like Milk and Railways, similarly Chinese Government subsidies their EV industry but with a catch, subsidy is for manufacturing in China and not elsewhere. The costs that are watery low in China will be parity high in India

[Raskolnikov.R]

Originally Posted by myavu

The current Chinese price for the base Atto 3 is 115,800 yuan (i.e., 13.7 lakhs). BYD can price it around 15 lakhs easily since the R&D cost has already been absorbed by the Chinese government's subsidy. The assembly lines, robotics, and other machinery will be a direct import. I believe BYD can disrupt the market appropriately.

Won't happen.

And you're ignoring the applicable Indian taxes.

At best, as one of the respondents mentioned earlier, it can work out to the ballpark of Rs. 20 Lakhs. Anything less would be great but unlikely.

However, the chances of the Atto 3 or Atto 2 ever being manufactured in India are NIL!

We're more likely to get the Seagull trying to replicate the Dacia Logan. And it definitely won't retail for Rs. 9 lakhs but around Rs. 12-13 lakhs.

[LongDrives]

BYD India denies reports of manufacturing facility in Hyderabad

Chinese electric vehicle (EV) giant Build Your Dreams (BYD) has denied recent media reports claiming it is set to establish a large-scale manufacturing facility in Hyderabad. The company issued a statement refuting suggestions that it had finalised plans to build a plant in India, despite widespread speculation and claims of ongoing discussions with local authorities.

BYD India denies reports of manufacturing facility in Hyderabad/

[volkman10]

India restricts BYD's market access amid efforts to attract Tesla investments.

India has decided to limit market access for Chinese electric vehicle manufacturer BYD Co., citing strategic interests, while actively seeking investments from Elon Musk's Tesla Inc. Commerce Minister stated that the government remains cautious about allowing certain foreign investments, particularly those from Chinese firms.

This decision follows India's rejection of BYD's $1 billion investment proposal submitted last year in partnership with a local company. Similarly, Great Wall Motor Co., another Chinese automaker, withdrew from the Indian market after failing to secure necessary regulatory approvals.

Whose loss it is anyways? Only time will tell.

Link:

[carjack3090]

Originally Posted by volkman10

India restricts BYD's market access amid efforts to attract Tesla investments.

India has decided to limit market access for Chinese electric vehicle manufacturer BYD Co., citing strategic interests, while actively seeking investments from Elon Musk's Tesla Inc. Commerce Minister stated that the government remains cautious about allowing certain foreign investments, particularly those from Chinese firms.



Whose loss it is anyways? Only time will tell.

Link:

Great decision making from Government, being pragmatic it is important to not let Chinese carmakers have an easy access to our market. There needs to be set conditions including Local manufacturing, Local IP, Local suppliers etc.

Hopefully we don't bduge for Tesla or EU based car makers either.

[volkman10]

The 'Tesla' Minister says a big NO to BYD.

https://www.youtube.com/watch?v=yHDvC3ZvnpQ

[Shreyans_Jain]

Originally Posted by carjack3090

Great decision making from Government, being pragmatic it is important to not let Chinese carmakers have an easy access to our market. There needs to be set conditions including Local manufacturing, Local IP, Local suppliers etc.

Hopefully we don't bduge for Tesla or EU based car makers either.

BYD was putting its money where its mouth was. They were ready to commit to the huge investment of a full fledged plant. That meant local manufacturing, local vendors, local jobs as well as taxes paid to Indian central and state governments.

Instead, these people are continuously courting Tesla, which has categorically ruled out setting up facilities in India and only wants a duty waiver to be able to dump production from it’s China and Germany plants which are running well under capacity.

Fact is that Tesla is no longer the leader of the EV world. They don’t have the best product anymore, and neither are they cost competitive against the Chinese. That’s why they are loosing share in every single market where there is direct competition.

[Chrome6Boy]

Originally Posted by Shreyans_Jain

BYD was putting its money where its mouth was. They were ready to commit to the huge investment of a full fledged plant. That meant local manufacturing, local vendors, local jobs as well as taxes paid to Indian central and state governments.

Instead, these people are continuously courting Tesla, which has categorically ruled out setting up facilities in India and only wants a duty waiver to be able to dump production from it’s China and Germany plants which are running well under capacity.

Fact is that Tesla is no longer the leader of the EV world. They don’t have the best product anymore, and neither are they cost competitive against the Chinese. That’s why they are loosing share in every single market where there is direct competition.

I couldn't agree more. Look at how the Indian ministers have been behind Tesla now for several years and they keep teasing us without doing anything concrete.

Last time, when we offered to sell our soul to Tesla, Musk cancelled his trip to India at the last minute to go do some stupid dance in China.

Meanwhile BYD has been selling cars and buses in India and also supplies batteries to Indian manufacturers. I would rather have BYD as a partner than Tesla who comes across as someone who only wants to use India as a threat to move their chess pieces everywhere else in the world.

[guptad42]

It can still work if BYD:

1. Commit to value addition in India. Battery cells, motors, power electronics and EV software to be made in India within a time bound manner. It removes the risk of subsidised dumping and helps grow EV tech manufacturing ecosystem in India. BYD's last plan indicated they are willing to do this.
2. Get a strong Indian partner with 51% stake, who can put up Indian management of the JV and carries weight in govt corridors. Several options like Reliance, Adani, Bajaj, Birla, Godrej, Kalyani/ Bharat Forge etc.
3. move the plant location to a BJP ruled state like Gujarat, UP or Maharashtra and get a BJP stalwart to lobby for them behind closed doors. If BYD can get Yogi, Fadnavis or home minister Shah on their side, even Piyush Goyal's objections don't stand a chance. Position it in Indian media as govt prevailing over BYD to agree to Indian terms.

Thinking of partners, there is another blockbuster option. BYD can get really creative and do a JV with Maruti Suzuki holding 51%. Suzuki now knows Toyota does not have the tech for successful EVs. The largest Indian carmaker can suddenly becomes the best EV maker too, and BYD gains from Suzuki's massive sales, service and procurement reach in India! It can make EV share of new car sales shoot up dramatically in India.

BYD may do it for the sake of access to the growing India market where EV marketshare and competition is much less advanced than China's domestic EV market. India also gives BYD a manufacturing base to export from India to markets that may have higher tariffs on imports from China.