According to India's "Economic Times" reported on March 23, recently Chinese BYD electric car industry giants this, a large number of Indian auto companies are worried about the government of India 'Made in India' project (Make in India) successful bid., Believes BYD ' Emplacement poses a huge threat to them; while the Indian government believes that this move will help market competition, lower the price of auto products, and boost employment growth.
A New Delhi Motor Company executives said BYD low prices are bound to require Chinese government subsidies, and cooperation with Chinese enterprises' Made in India 'strategy of no benefit, but suffering heavy however BYD partner Goldstone Infratech India responded by saying:' we meet all the requirements of the project, and our electric bus mileage up to 300 kilometers, longer life cycle, which are unmatched by other companies. in addition, we lower the cost of car use, while on the Chinese government to give subsidy issue is non-existent. 'another car company executives questioned BYD low bid operability its actual production capacity, he believes BYD only vehicles were assembled in India, there is no actual manufacturing base, and no vehicle warranty system network A spokesman for the Goldstone-BYD joint venture responded that the company has a manufacturing facility in Telangana, which can meet 35% of the market demand.
A senior Indian government official stated that BYD’s localization of India-India joint ventures is well developed, and the government also hopes to promote the development of the electric vehicle industry in India without subsidies, while the participation of foreign companies will help reduce The price of automotive products, to promote this plan as soon as possible.
Previously, the Goldstone-BYD joint venture encountered a boycott in an open bid in Gujarat state, India, and subsequently appealed to the High Court but was refused a case and finally appealed to the Supreme Court. The case was only heard last week, but Gujarat State has already cancelled this Invited to tender, and launched a new bidding activity. On March 20, Tata Motors Corporation has signed a 90% contract with Goldstone-BYD. The two companies worked together and the successful bidding price was about 30% lower than the market price.