BYD Eyes India with New EV Model, Denies Local Plant Plans

• China's BYD, the world's leading electric car manufacturer, is developing a new electric vehicle model specifically for the Indian market.
• Executive Vice President Stella Li confirmed the plans, stating engineers at BYD's Shenzhen headquarters are working on the design, though a launch date is not yet set.
• Li emphasized India as a significant market for BYD and denied reports of the company planning a car assembly plant in the country.
• BYD aims for a minimum 24% overseas growth this year, targeting 1.3 million vehicles, including hybrids, focusing on all markets except the US due to tariffs.
• The company will also introduce mechanical door handles in overseas models following China's safety ban on hidden handles.