Minister’s statement: Toyota’s plant in Bidadi, Karnataka. India’s minister for heavy industries, who also looks after information and broadcasting, has taken to Twitter to announce that ‘the news that Toyota... will stop investing in India is incorrect.’ — Bloomberg
NARENDRA Modi says, “Make in India.” Toyota Motor Corp says, stop treating cars as though they were drugs or alcohol.
The Japanese carmaker has a point about the tax structure being unviable for the industry, and Shekar Viswanathan, vice-chairman of the India unit, made it forcefully in an interview to Anurag Kotoky of Bloomberg News.
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