Toyota unlikely to launch new vehicles until 2020
The Dollar Business Bureau Toyota, the Japanese car manufacturer, said it seems ‘unlikely’ for the company to introduce new models in India until 2020 when the new norms on emission kick in and till then it will be able to manage with its prevailing portfolio in the country. Toyota, which operates in the country through its joint venture with Kirloskar group, is planning to come up with hybrids and state-of-the-art technology vehicles in India as part of its long-term approach. “We can’t bring in a technology whether petrol or diesel vehicles and then have Euro-IV suddenly kick in that they have promised by 2020. So right now up till 2020 at least it seems very unlikely that we will bring in ...
Union Budget 2014-15 Feedback
He says that the Finance Minister did not reduce the import duty on gold even by 2-3% (from the current 10%) which means that smuggling of gold will continue. Vipul Shah said that the Modi government’s maiden budget did not signal any bold reforms. However, he added that the Gem & Jewelry sector is happy that its recommendations for rationalization of import duty on broken diamonds and withdrawal of import duty on pre-forms of semiprecious and precious stones have been accepted. “Also the rationalization of import duty on processed diamonds to 2.5% will help the domestic manufacturing sector,” he said. IOPEPC: Budget is the first step, India needs a favourable FTP Kishore Tanna, Chairman, Indian Oilseeds And Produce Export ...
