Toyota halts India expansion, blaming ‘we don’t want you’ taxes

Toyota halts India expansion, blaming ‘we don’t want you’ taxes


By: Bloomberg |

September 15, 2020 11:19:54 am

Innova Crysta vehicles at the Toyota factory. (Image source: Bloomberg)Toyota Motor Corp won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic.
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