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

China's BYD aims to build electric vehicles in India, but is facing delays due to stringent investment rules. The company has submitted a $1 billion investment proposal but is yet to receive approval. Meanwhile, BYD targets wealthy Indian buyers with imported premium EVs and launched a new seven-seater family car priced between $32,000-$35,500.