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Committed to Indian markets, will invest ₹2,000 cr: Toyota

Sep 16, 2020 11:12 IST

Toyota Motor said it remains committed to the Indian market and its local unit announced an investment of more than ₹2,000 crore. This followed a Bloomberg report on Tuesday that said the company won’t expand further in India due to high taxes. The Japanese auto giant in a statement said that the future of sustainable mobility is strong in India and Toyota is proud to be part of this journey. The company also announced to invest over ₹2,000 crore towards the electrification of vehicles.