After saying NO, Toyota Motor says YES to expansion in India2 min read . Updated: 16 Sep 2020, 06:14 AM IST
- Top official rues high taxes, but firm later says it is investing more
- India keeps taxes so high that auto firms find it hard to build scale, says Toyota Kirloskar Motor’s Viswanathan
Toyota Motor Corp. said on Tuesday that it remains committed to the Indian market and its local unit announced an investment of more than ₹2,000 crore, just hours after a report cited a top company official as saying that the company will halt its expansion plans because of high taxes on cars.
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