With an eye on E-Cars market, Toyota plans to drive in hybrids - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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With an eye on E-Cars market, Toyota plans to drive in hybrids

Once the new generation cars come in, the company will make a representation to the government to rationalise the tax structure on these vehicles to emcourage adoption. "At present, the only hybrids we make are pretty large luxury cars. I think it is pretty difficult to make case for them, very frankly. As the newer generation cars come in, the mass market, at that point of time we would certainly try to make a representation", Kirloskar informed. Currently, India levies 28% GST on small hybrids (sub 4m) and 43% on larger vehicles running on the technology.

from Industry-Economic Times
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