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
Subscribe to:
Post Comments (Atom)
India emerges as a global export hub, shipments expand to 65 countries: Nissan
Nissan begins exporting the left-hand drive version of its compact SUV Magnite to 45 new countries, making India a major global export hub f...
-
Samsung Galaxy S25 series, the next flagship phones from the South Korean tech brand is expected to be unveiled early next year. Samsung is ...
-
Carmakers and dealers are grappling with inventory levels amid slowing demand in India. The Federation of Automobile Dealers Associations (F...
-
Maruti Suzuki launches the new Swift 2024, priced from Rs 6.49 lakh. This model boasts enhanced features, safety, and fuel efficiency, maint...
No comments:
Post a Comment