CRAZY! India Purchases 400 BYD Electric Trucks, but Then Demands $8.7 Million in Fines from BYD!
#china #chinanews #india #byd #newenergy #electriccar #heavydutytrucks
In the global business market, many people may have a controversial evaluation of India. On the one hand, it is seen as an attractive investment destination, attracting companies and investors from all over the world.
On the other hand, India is also known as one of the most promising markets in the world, with a large and growing consumer group. But what you absolutely can’t imagine is that countless multinational companies have suffered setbacks and failures in this land full of opportunities and challenges.
In 2023, India purchased 400 electric heavy trucks from China’s BYD Auto Company for use as terminal tractors at four ports of the Adani Group.
However, when BYD completed the delivery of 304 electric heavy trucks, the Indian government suddenly imposed a fine of 730 million rupees on BYD Company of China on the grounds of suspected tax evasion. In fact, this is not the first time that India has imposed a huge fine on foreign-funded enterprises.
So in today’s video, I will explain why India fined BYD and what the Indian market will be like in the future.
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CRAZY! India Purchases 400 BYD Electric Trucks, but Then Demands $8.7 Million in Fines from BYD!