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The Seal electric sedan is offered in single- and dual-motor configurations overseas.

The BYD Seal was one of the show-stoppers at the Auto Expo earlier this year; a sumptuous, battery-powered sedan that stunned showgoers with its beautiful look and promised range. The business has previously stated that the automobile will be ready for introduction in India by late 2023. However, geopolitical concerns have resulted in strained relations between India and China. This has influenced several critical business choices for Chinese enterprises looking to establish new operations in India.

Initially, Great Wall Motors, a well-known SUV manufacturer, was denied the required permissions to assume management of the closed Chevrolet facility in the vicinity of Pune from General Motors. Ultimately, Hyundai acquired the plant. GWM eventually withdrew from India as a result. In that location, the business had established an office and employed personnel.

While this occurred a few months ago and relations remain bitter, BYD was the most recent victim, since their ambitious desire to establish a mammoth plant in India was recently foiled. The factory was supposed to be a joint venture with an Indian corporation, ostensibly to calm the Indian government’s anxieties, but it didn’t work. This manufacturing facility was to be BYD’s new engine in India.

While every attempt was made to get this critical piece of company development moving, the delay has impacted the Seal’s launch strategy. While teams in India and China work to make up for lost time, it is apparent that the prior planned launch date will now be moved ahead to early next year.

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Fortunately for BYD India, both of its current models, the e6 MUV and the Atto3 compact SUV, are selling well and keeping the company’s network busy. For those who are unaware, BYD has been serving the commercial vehicle industry in India for over a decade. It finally entered the passenger car market with the E6 last year, followed by the Atto 3 this year.

However, a BYD spokesperson stated that dealers are receiving inquiries from customers interested in the Seal. In its most powerful iteration, the battery-powered vehicle has a 0-100 kmph speed of 3.8 seconds and a range of up to 700 km. The car is available in both single- and dual-motor configurations overseas, with the latter offering all-wheel drive.

According to reports, BYD is aiming for a price of around Rs 50 lakh for the Seal, although this would be impacted by the spec it picks for the Indian market. In the last two years, the luxury automobile category has experienced a flurry of EV releases. While the majority of the activity has occurred in the Rs 1 crore and above category, brands such as Volvo and BMW are now targeting the sub-Rs 1 crore market. With the Seal not being an SUV body shape, which appears to be a safer choice for new releases, the reception to the elegant Kia EV6 must bode well. It wouldn’t be shocking if BYD released another, bigger SUV shortly after the Seal.

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During the third quarter of 2023, BYD sold 4,31,603 pure electric cars globally, a substantial 23 percent increase over the same period the previous year.

In an unexpected turn of events, Chinese automaker BYD, backed by famous investor Warren Buffet, is getting closer to challenging Tesla’s dominance in the worldwide electric vehicle (EV) market. According to Bloomberg, BYD sold 4,31,603 pure electric cars globally during the third quarter of 2023, a remarkable 23 percent increase over the same period last year. This record puts BYD just 3,456 sales behind Tesla, which delivered 4,35,059 vehicles over the same period.

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This data implies that if BYD maintains its progress into the fourth quarter, it might overtake Tesla, signaling a significant shift in the EV production scene. This would be the first time Tesla has ceded its status as the leading EV maker since dethroning Nissan in 2019. However, there are several elements to consider that might influence this race, such as potential overnight price cuts in the US and Tesla’s newly released Model 3 makeover, which could damage sales and perhaps prevent BYD from taking the lead in the following quarter.

It is worth noting that Tesla presently sells only four models, with the more economical Model 3 sedan and Model Y crossover accounting for nearly 96.3 percent of all deliveries. BYD, on the other hand, has a diverse variety of EVs, ranging from the Dolphin hatchback to numerous crossovers and sedans. BYD also produces plug-in hybrids (PHEVs). BYD shipped 3,90,491 PHEVs globally in the third quarter, increasing its total EV and PHEV sales to 8,22,094 vehicles.

Whether or not BYD manages to overtake Tesla in the near future, the company has unquestionably cemented its place as China’s premier automobile brand. BYD surpassed Volkswagen in first-quarter sales earlier this year, a position the latter had held since at least 2008. Although the majority of BYD’s sales are still in China, the business is growing in Europe, Australia, and other worldwide markets. Notably, the United States is still a vital market in which BYD has yet to establish a big footprint.

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