India has rejected the BYD proposal to build a US$1bn factory with Hyderabad-based Megha Engineering and Infrastructure, the Economic Times reported.

BYD had earlier submitted the investment proposal to build electric cars and batteries, noted Reuters, citing the local paper’s report.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The news agency had not been able to independently verify the Economic Times‘ report.

India’s Department of Commerce, Department for Promotion of Industry and Internal Trade (DPIIT) had asked for opinions from other departments on the investment proposal, the local newspaper report said.

“Security concerns with respect to Chinese investments in India were flagged during the deliberations,” the report quoted an Indian official as saying.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact