India rejects BYD's US$1 billion factory proposal: Economic Times
By ReutersJuly 22, 2023 @ 9:12pm
NEW DELHI: India has rejected Chinese automaker BYD Co's proposal to set up a US$1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.
Reuters reported this month that BYD had submitted a US$1 billion investment proposal to build electric cars and batteries in India in partnership with a local company