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  • Writer's pictureMEYO

Message we get is 'we don't want you': Toyota stops India expansion

Japanese carmaker Toyota's local unit has said it won't expand further in India due to the country's high tax regime. "The message we are getting, after we have come here and invested money, is that we don't want you," Toyota Kirloskar Motor's Vice Chairman Shekar Viswanathan said. "You'd think the auto sector is making drugs or liquor," he added.

Ref: Bloomberq Quint


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