India hits the 'brakes' on China's BYD amid it shifting gears to court Elon Musk-owned Tesla

India will restrict market access to BYD, signaling continued caution towards Chinese investments despite warming relations. Commerce Minister Piyush Goyal cited strategic interests as the reason for rejecting BYD's proposal. This decision contrasts with India's pursuit of investments from Tesla, highlighting a protectionist stance amid pressure to open its auto market.