Automakers should cut royalty payments to foreign parent companies and increase efficiencies to lower vehicle prices rather than ask the government to cut taxes, a senior Finance Ministry official said, ruling out tax breaks so that companies overcome the coronavirus crisis and the economic slowdown it has suffered. crimp suit. …
Read More »Toyota to invest 2 billion rupees in India in the next 12 months, clarifies Vikram Kirloskar
Union Minister Prakash Javadekar on Tuesday denied a report that Toyota Motor Corp would not expand further in India due to the country’s high tax regime. “The news that Toyota Company will stop investing in India is incorrect. @Vikramkirloskar has clarified that Toyota will invest more than ₹2000 crore in …
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