MUMBAI -- A state in India has stalled a proposal by China's Great Wall Motor to invest nearly $500 million, days after a deadly border clash between the two nations, potentially delaying the company's plan to tap one of the world's biggest new-vehicle markets.
The state government of Maharashtra, home to the financial capital of Mumbai, said on Monday it had put on hold three investment proposals from Chinese firms worth a combined 50 billion rupees ($658 million) in total, including Great Wall's.
The initial agreements are not canceled, but further action is awaited, said Maharashtra's industries minister Subhash Desai, days after the state government signed them.
It is the latest setback for Chinese companies that are facing calls for boycott after 20 Indian soldiers were killed in clashes at a disputed border site, in a major escalation of a weeks-long standoff between the two nuclear-armed Asian giants.
"In the current environment, we will wa…