Sunday, February 2, 2025

Volkswagen sues India to quash 'enormous' $1.4 bn tax demand, legal filing shows

Volkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi's car part import taxation rules. The dispute jeopardizes Volkswagen's $1.5 billion investments in India. Authorities allege the company imported cars in unassembled parts to evade higher duties. The court hearing is set for February 5.

from Auto-Industry-Economic Times https://ift.tt/PrZtkzW

No comments:

Post a Comment

Maruti's premium play turns 10: Did it truly build a brand or just a better showroom?

Ten years after its launch, Maruti Suzuki's Nexa is at an inflection point, preparing for Nexa 2.0 to re-engage aspirational buyers. Des...