India rejects, Chinese automaker BYD’s $1 billion plan for electric 4 -wheelers.
BYD, the world’s largest electric vehicle maker by sales, in its proposal had pitched to manufacture 10k -15k electric cars a year. The Centre has reportedly rejected Chinese automaker and battery maker BYD Motors’ proposal to set up a $1 billion 4-wheeler manufacturing facility in Hyderabad by joining hands with Megha Engineering and Infrastructures Ltd…
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