2020 Auto News Auto Sales Indian automobiles

Toyota Motors halts expansion plans in India, blames high tax regime

Toyota, one of the world’s biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share 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 […]