BYD explores India assembly as EV demand strains import limits

BYD is reassessing its India strategy, including considering local assembly, as surging demand and import limits constrain the Chinese electric vehicle maker’s growth in the country. The company is evaluating semi-knocked-down (SKD) assembly and pursuing safety and regulatory approvals for more models because quotas are constraining growth, Bloomberg reported citing sources. India had earlier turned down BYD’s plan for a full manufacturing facility, but assembling SKD kits could prove cheaper and easier ...