Reuters exclusively reported that Japan’s Toyota Motor (7203.T) is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they are far less polluting than petrol cars but do not get commensurate policy treatment.
AutomotiveTechnology
Toyota lobbies India to cut hybrid-car taxes as much as 21% – letter
23 October 2023, 5:53 pm 1 minute
Market Impact
India taxes EVs at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.
Article Tags
Topics of Interest: AutomotiveTechnology
Type: Reuters Best
Sectors: Commodities & EnergyTechnology
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
