BYD faces a roadblock in India — just as Tesla tries to expand in the world's 3rd largest auto market

India has blocked Chinese electric vehicle giant BYD from expanding in its auto market, just as Elon Musk's Tesla looks to build its presence there. "India has to be cautious about its strategic interests, who we allow to invest," Commerce Minister Piyush Goyal told Bloomberg at the India Global Forum on Monday.Asked about BYD's prospects, he said: "As of now, it's a no." Goyal accused BYD of engaging in "unfair practices" and said India's government must be "convinced" that the Chinese EV maker would "wo ...