BYD India, a subsidiary of the world's leading New Energy Vehicle manufacturer BYD, announced today the signing of a Memorandum of Understanding (MOU) with Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Ltd., one of India’s leading and diversified financial services groups.

BYD India was established in March 2007 in Chennai, India, with an office in New Delhi. The Indian subsidiary has two factories, covering more than 140,000 sqm, with an investment exceeding $200 million. Its business covers electric passenger cars, battery energy storage, electric buses, electric trucks, electric forklifts, and electronics. BYD India provides customers with product solutions and related after-sales services.