China's BYD Plans Aggressive Push Into India's EV Market

The company aims to capture 40% of India's electric vehicle market by 2030. BYOD, which entered India in 2007, plans to launch its third electric car, the Seal luxury sedan, by the end of the year. The company is committed to maintaining aggressive goals as a global manufacturer, with a long-term vision to dominate the EV market in India.

What does BYOD stand for in the context of the electric vehicle market?

What is the significance of the year 2030 for the company?