Toyota lobbies India to cut taxes on hybrid cars tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: Japan’s Toyota Motor 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, a company letter shows.
Toyota lobbies India to cut hybrid-car taxes as much as 21 per cent cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
According to a letter shown by the company, they are far less polluting than petrol cars but do not get commensurate policy treatment, so the taxes must be cut to one-fifth
Electric vehicles (EVs) are taxed at just 5 per cent but hybrid vehicles are taxed as high as 43 per cent, just below 48 per cent levy imposed on petrol cars.