Big blow to China। Big Blow For China India gave a big blow to China India's door closed for Chinese companies The Indian government has said no to the Chinese company. Well you already know. That India has now become an investment destination for countries around the world. Big companies from all over the world are investing heavily in India. All companies want to open their plant or business in India, but for Chinese companies, it seems that India's door is closed. Let's try to know the complete news in detail. China's electric vehicle company BYD was about to invest one billion $ i.e. ₹ 8199 crores to make electric cars and batteries in India. For this, BYD had partnered with a local company of the country. Now know what is the name of this local company, Megha Engineering and Infrastructure Company which is a Hyderabad based company. This company now manufactures road bridges and power plants. In the investment proposal, BYD and Megha wanted to set up charging stations in engineering as well as research development and training centers. In simple language, both the people were going to invest one billion dollars in India. But the proposal to set up an EV manufacturing plant has been turned down by the Government of India. ( But the Indian government has turned down the proposal to set up an EV manufacturing plant. ) India denied permission to Chinese electric vehicle maker BYD to set up a plant in the country due to security concerns. Given the security concerns, companies from across the border are being kept out of the Indian market. You know Foreign companies have to enter into agreements with local companies to enter India. But it has been observed. Local companies are like dummies. And foreign companies through these companies invests her money. The government had similar concerns in the BYD case as well. Which has now come to the fore because Chinese electric companies are trying to establish a fast foothold in India. BYD was planning to make a big entry in the EV market of India. BYD was planning to introduce a complete line up from hatchbacks to luxury models. BYD is the largest EV company in the world. BYD has two cars in India right now. One is MUV and the other is SUV. Talking about the price of BYD EV vehicles, the price of its cheapest car BYD e6 starts from ₹ 29.15 lakh. On the other hand, the price of BYD Atto 3 ranges from ₹ 33.99 Lakh to ₹ 34.49 Lakh. BYD company is not the first company. Which the Government of India has not said. Earlier, thwarting the plans of China's Great Wall Motors to set foot in India. FDI rules were further tightened for Chinese companies. MG Motors, a British company that sold cars in India, was also facing difficulties in getting new investment for expansion in India. #India #China #BYD #MGmotors #EV #EVCar #FDI #Infrastructure #Atto3 #MUV #SUV Writer Ridham Kumar