Toyota | Ford: Why global carmakers, Toyota to Ford, go slow on India. The answer is stuck in sub-4 metre cars.
Synopsis
Over the years, the 8% tax differential between small and large automobiles has elevated to over 20%. While the nation has economies of scale in smaller automobiles, the identical wants to be prolonged to larger ones. Otherwise, it could by no means be a beautiful proposition for global carmakers and changing into an export hub will stay a pipe dream.
The salvo lastly got here from Shekar Viswanathan. As the vice-chairman of Toyota’s native unit made it public why the corporate gained’t scale up additional in India, auto-industry captains, who off the report usually bicker over excessive taxes, discovered their voice. “The message we are getting after we have come here and invested money, is that we don’t want you,” Viswanathan mentioned just lately. But does India’s tax regime really stifle the expansion of the auto
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