NEW DELHI, Oct 23 (Reuters) – Japan’s Toyota Motor (7203.T) is lobbying with 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.
Toyota plans to expand production capacity to meet a surge in demand for hybrid vehicles in India. But, according to them, the present government is focussed more on electric vehicles (EVs) and offering EV companies incentives to build EVs and batteries.
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