Reuters
Buffet-backed BYD taps India as latest market amid global push
NEW DELHI (Reuters) -Warren Buffet-backed Chinese electric carmaker BYD launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion. The move comes amid a wider global push by the Chinese carmaker which has begun selling EVs and plug-in electric hybrids in markets around the world, including Norway, New Zealand, Singapore, Brazil, Costa Rica and Colombia. “India will be one of the key markets in BYD’s global portfolio,” Sanjay Gopalakrishnan, senior vice president of electric passenger vehicles at BYD India, told Reuters.