Transportation

India Says ‘No’ to BYD While Wooing Rival Tesla to Invest

New Delhi had last year rejected BYD’s $1 billion investment proposal with a local partner, while another Chinese carmaker Great Wall Motor Co. also exited India after failing to secure regulatory clearances. — New Delhi had last year rejected BYD’s $1 billion investment proposal with a local partner, while another Chinese carmaker Great Wall Motor Co. also exited India after failing to secure regulatory clearances.
Photographer: Anindito Mukherjee/Bloomberg

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By Alisha Sachdev and Shruti Srivastava

April 7, 2025 at 5:54 PM UTC

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India will restrict market access to BYD Co. even as it courts investments from US rival Tesla Inc., showing New Delhi’s lingering angst with China despite recent signs of a thaw in relationship.