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India bans Chinese EV maker BYD over strategic interest concerns, while wooing Tesla.
India has banned Chinese electric vehicle maker BYD from entering its market, citing concerns over strategic interests and opaque ownership structures of Chinese firms.
Union Commerce Minister Piyush Goyal stated that India is being cautious with investments from countries sharing a border, like China.
Meanwhile, India is courting Tesla, though high tariffs have kept Tesla away.
Indian automakers like Tata Motors and Mahindra & Mahindra dominate the market, benefiting from high tariffs and entry barriers.
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India prohíbe a fabricante chino de vehículos eléctricos BYD sobre preocupaciones de interés estratégico, mientras corteja a Tesla.