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Relaxed FDI rules: No gains for BYD as EVs kept out
Financial Express Kochi
|March 12, 2026
CHINESE ELECTRIC VEHICLE maker BYD will have to wait longer to push ahead with its manufacturing plans in India despite the government's decision to ease some restrictions on investments from countries sharing a land border with India.
The latest relaxation of the rules under Press Note 3 does not extend to electric vehicle (EV) manufacturing, meaning proposals from Chinese EV makers will continue to require full government scrutiny.
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Financial Express Kochi
Deliver the homes first
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Financial Express Kochi
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March 12, 2026
Financial Express Kochi
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Financial Express Kochi
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Financial Express Kochi
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Financial Express Kochi
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2 mins
March 12, 2026
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