As Minister Flags Toyota's "No Expansion", Clarification On "Investment" | Read
The government and the Indian unit of Toyota Motors have both played down the auto giant's decision against expansion in the country due to the high tax regime. Union Minister Prakash Javadekar tweeted today that Toyota will invest more than Rs. 2,000 crore in the country over the next year. It was confirmed by Vikram Kirloskar, the vice-chairman of Toyota Kirloskar Motor, who said the company is "committed to the future of India".
