Government Offers INR 9 Crore Tax Concession to Toyota

The Cabinet recently offered Toyota Kirloskar Motors a tax concession of INR 9 crore for their small car facility in Bidadi.

Following the Cabinet meet, a senior minister of the Cabinet, Dr. V.S Acharya, said that keeping in mind the company’s track record as well as creating employment in this state, they have decided to offer the company a tax concession of INR 9 crores.

The Japanese auto manufacturer has committed around INR 4,043 crore for building a small car facility in Bidadi. Out of this INR 450 crore is to be import parts.

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