Toyota to stop making Camry Hybrid if Indian government does not reduce taxes: MD

Toyota Kirloskar Motors, who recently re-started the production of the Camry Hybrid in India earlier this year. Toyota suspended the production due to increase in tax of the hybrid vehicles, which made the sales go down significantly. Now Toyota MD has commented that the high taxes may affect the future of the vehicle. How is that? The Indian government has imposed a high GST tax rate of 43 percent on the hybrid cars which have increased the prices significantly and the sales have dipped by a considerable number. Toyota sold…

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