Chinese electric vehicle manufacturer BYD has denied reports claiming it plans to establish a manufacturing plant in India. The company labeled the information as “untrue” in a statement on its official WeChat account.

Local media reports suggested BYD would invest 10 billion yuan, approximately US$1.4 billion, to build a facility in Hyderabad, Telangana. However, BYD clarified that no such investment deal is in place.

While the company has shown interest in expanding internationally in regions like Southeast Asia, South America, and Europe, it has not confirmed any large-scale investment plans for India. BYD operates in India through its subsidiary, BYD India, focusing mainly on electric buses and passenger vehicles.

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