Warren Buffett-backed automaker BYD today announced the opening of its fifth showroom for passenger vehicles in India. The showroom is located in Mumbai and will be managed by Landmark BYD.
The showroom was inaugurated by Mr. Sanjay Thakker, Promoter and Executive Chairman of Landmark, Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicle Business of BYD India, in the presence of senior officials of BYD India and Landmark BYD. Landmark BYD will offer consumers in India’s largest city access to BYD’s pure electric vehicles. With considerable experience in the automobile industry, Landmark BYD has extensive reach with its business covering neighbouring regions. Residents of Mumbai will now be able to access world-class and sustainable motoring solutions within the city.
Spreading across 2000 square feet, the showroom has well-trained technicians, service equipment, service bays, EV charging stations, a customer lounge and a showroom display floor, offering customers the best in-store experience in the centre of the city. Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicle Business of BYD India, said, “The Mumbai region is one of the key markets for BYD India. Moreover, Mumbai city has been seeing a shift towards electric vehicles with a trend among buyers to prefer EVs rising in the territory.”
Sanjay Thakker, Promoter and Executive Chairman of Landmark, said, “In over 2 decades of operation, Landmark has been become a partner of choice for many Automobile brands and this partnership with BYD is further strengthening our position. We are confident that some of our loyal customer will join the trend towards electric vehicles and make Mumbai more sustainable city.”
The Indian government is targeting 30% EV penetration for the PV segment by 2030 and aiming to achieve net-zero emissions by 2070. Driven by these goals, BYD will constantly work closely with its partners to provide localised and green products for the local market.
According to a study by World Resource Institute, India, the total EV-charging energy demand in the city of Mumbai is expected to be 550 MWh by 2025. This anticipated demand would imply the need to set up at least 21,096 charging points across Mumbai by 2025. In July 2022, the Maharashtra Electric Vehicle (EV) Policy 2021 was announced with a number of benefits to accelerate EV sales and stimulate manufacturing.
