Toyota Motor Corp. said Tuesday that it remains committed to the Indian market and its local unit announced an investment of more than ₹Rs 2 billion, just hours after a report quoted a senior company official as saying the company will halt its expansion plans due to high taxes on …
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Toyota previously said that high taxes push cars out of reach for many consumers. New Delhi: The government and the Indian unit of Toyota Motors have downplayed the auto giant’s decision against expansion in the country due to the high tax regime. Union Minister Prakash Javadekar tweeted today that Toyota …
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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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NEW DELHI: Toyota Kirloskar Motors (TKM) will invest more than Rs 2 billion in electrical components and technology for domestic customers as well as for exports, his vice-chariman Vikram kirloskar he said Tuesday. In a tweet, he said: “We are investing more than 2000 crs in electrical components and technology …
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