China's BYD wants to make cars in India but has received no "direct" signal from New Delhi on a possible easing of stringent investment rules for Chinese businesses, a top executive said, as the automaker seeks to expand in a fast-growing market.

BYD also said that it is not ready to apply for benefits in the short term under India's new EV policy announced earlier this year which seeks to attract global manufacturers to the country.

Planned assembly plant in the country would mark carmaker’s first venture into south Asia as it expands globally

BYD says it will wait for a more favourable ecosystem before committing to any large-scale manufacturing initiatives in India.