BYD is reconsidering its India strategy, exploring local assembly due to high demand and import restrictions. The company is looking into SKD assembly and seeking regulatory approvals for more models to overcome growth constraints. India previously rejected BYD’s full manufacturing plan, but SKD kits could offer a more feasible solution. The decision on manufacturing will follow visits from senior executives. Strong sales have prompted the review, with dealers reportedly having numerous bookings. Unlike Tesla, BYD faces import limits and is looking to expand internationally as domestic demand weakens. Sales in India increased by 88% last year to around 5,500 vehicles, but import caps hinder growth. Fully built cars face high duties, while SKD assembly could reduce tariffs significantly. BYD has raised concerns to Indian regulators about import restrictions hindering further growth, unlike Tesla, which continues to face similar barriers. Ford and BYD recently discussed a potential battery supply agreement for Ford’s hybrid vehicles as the US automaker shifts focus towards hybrids over EVs.

Read more at Yahoo Finance: BYD explores India assembly as EV demand strains import limits