Toyota releases a 2nd statement on its commitment to India
Earlier this week, we had reported that Shekar Viswanathan - Vice Chairman, Toyota Kirloskar Motor, had stated that the company won't scale up its operations in India due to the government's high tax regime. At the same time, he had clarified that Toyota has no plans to exit the Indian market. Later, on the same day, Toyota had released a statement on its commitment to India. Now, Masaka