After months of tweeting teasers, Toyota finally revealed the Toyota Urban Cruiser, a new entrant in the subcompact SUV segment. The new Urban Cruiser is the second car after Glanza to be launched under Toyota’s agreement with Maruti Suzuki. Pricing for the new subcompact SUV starts at ₹8.40 lakh (all …
Read More »Toyota Halts India Expansion, Blaming ‘We Don’t Want You’ Tax
Toyota Motor Corp. will not expand further in India due to the country’s high tax regime, a blow to Prime Minister Narendra Modi, who is trying to attract global companies to offset the deep economic malaise caused by the coronavirus pandemic. The government keeps taxes on cars and motorcycles so …
Read More »Toyota Motors halts expansion plans in India, blames high tax regime
Toyota Motor Corp. will not expand further in India due to the country’s high tax regime, a blow to Prime Minister Narendra Modi, who is trying to attract global companies to offset the deep economic malaise caused by the coronavirus pandemic. The government keeps taxes on cars and motorcycles so …
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