China's BYD wants to build cars in India, but has no 'direct' signal of investment rules easing

China's BYD wants to build cars in India, but has no 'direct' signal of investment rules easing

FILE PHOTO: People stand next to BYD Company vehicles, at the 2023 IAA Mobility auto show, in Munich, Germany, September 10, 2023. REUTERS/Angelika Warmuth/File Photo

China’s BYD wants to make cars in India but has received no “direct” signal from New Delhi on a possible easing of stringent investment rules for Chinese businesses, a top executive said, as the automaker seeks to expand in a fast-growing market.