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HomeGST NEWSCovid, ‘high’ GST rate force Toyota to go slow on hybrids

Covid, ‘high’ GST rate force Toyota to go slow on hybrids

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The Toyota Kirloskar Motor has postponed the launch of hybrid version of some of its models due to COVID and high GST rate. TheToyota Kirloskar vice-chairman, Shekar Viswanathan told BusinessLine that GST rate of 43 per cent makes it costlier for end-customers. He had stated that frequent lockdown of plants because of the coronavirus cases among workers can disturb the production cycle.

https://www.thehindubusinessline.com/news/covid-high-gst-rates-force-toyota-to-go-slow-on-hybrids/article32278147.ece#

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