Toyota announces investment of over ₹2,000 cr in India; refutes reports of suspending expansion plans

Toyota will not suspend its expansion plans in the Indian market, the company has clarified. In a statement on Tuesday, Toyota Motor Corp. said it remains committed to the Indian market and its local unit has announced an investment of more than ₹2,000 crore. The statement comes after several media reports had earlier claimed an official of the company had said Toyota will halt its expansion plans because of high taxes on cars.

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