BYD India Car Price Hike: BYD India, a subsidiary of the global electric vehicle manufacturer BYD, has announced a price hike to take effect from July 1, 2026. The brand has announced that the price hike will range between 1 and 2 per cent, depending on the model and variant in the country. The brand currently offers a total of 4 car models in the country: the BYD Atto 3, BYD eMax 7, BYD Seal, and BYD Sealion 7.
BYD Car Price Hike: The Reason
The brand has cited fluctuation in the foreign exchange as the reason behind the recently announced car price hike. Additionally, the ongoing Middle East crisis has resulted in the disruption of operations at the Strait of Hormuz. The disruption has led to uncertainty in global markets, and prices of raw materials such as aluminium and petrol coke have skyrocketed ever since the conflict began. The petroleum coke is a key element of electric vehicle batteries, and due to disruptions in supply and increasing prices, the input costs have spiked for EV manufacturers, including BYD.
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Rajeev Chauhan, Head of Electric Passenger Vehicles (EPV) Business at BYD India, said, “This price revision is in lieu of foreign exchange fluctuations. Even in a challenging market environment, BYD India remains focused on delivering high-value, advanced, safe, and premium electric mobility solutions to customers. We continue to see strong market demand for products such as the BYD ATTO 3 and the BYD SEALION 7, reflecting growing confidence in premium electric mobility among Indian consumers.”