India’s Toyota Lobbies to Cut Hybrid-car Taxes by as Much as 21%

According to a company letter, Toyota Motor of Japan is lobbying with the Indian government to reduce taxes on hybrid automobiles by up to 50%

[{"selector":"#anim-e5ab1ad7-72cf-4981-b725-450253aafc16 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.62224254663654%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5c0ae50a-98ac-4566-9a47-23899428dda4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f78fdccc-3cdd-4114-91f8-f4a314e3bfe2","keyframes":{"transform":["translate3d(0px, 144.44441%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb50cba7-9394-4b99-9d04-6c02ca335dc7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d465154e-1edc-439e-abdb-9c6f9b7bc83c","keyframes":{"transform":["translate3d(0px, 104.85400%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The largest automaker in the world intends to increase manufacturing capacity in order to satisfy the spike in demand for hybrid cars in India

[{"selector":"#anim-04dcac0c-e32a-41c3-b420-9d332158a8b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f41c94d1-aa2c-4e3d-b5f9-9da90a55e2c4","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00f51201-5f19-4874-a5ad-d8c79987a017","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-390cf5fd-b8c0-4171-a2c1-c1a7fe057bc3","keyframes":{"transform":["translate3d(0px, 146.06605%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b3dbf02-9d73-4e14-b5ad-e4c681995492 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Based on calculations by Reuters, that translates to a tax rate of 37% for hybrid vehicles and 34% for flex-hybrid vehicles

[{"selector":"#anim-84abe7ce-8a86-4426-8c08-1b98dbda170b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c1b1d008-aa57-4536-ac66-a4e5995ed805","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c95b8553-f8f0-4be3-bfe2-2f274fede02d","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd477fdd-6690-4bad-81f8-053f135d3c02","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-831d1b4c-a261-404c-9fb4-a9325b099fba","keyframes":{"transform":["translate3d(0px, 174.33690%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]