Volkswagen Group is restructuring its India operations as it faces a $1.4 billion tax demand, rising competition, and policy shifts. Skoda Auto, leading its India strategy, has hired external experts for a business review amid senior executive exits. Despite revenue growth, profits have plunged. The carmaker plans EV investments with local partners to sustain its presence in the market.
from Auto-Industry-Economic Times https://ift.tt/3UDWdlY
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