While the Indian Government claims to have slapped a high tax on hybrids in order to promote electric vehicles, the charging infrastructure at this point is pretty much non-existent.
Toyota Kirloskar Motor, a JV between the Japanese giant and Kirloskar Group, said that the company has no plans to launch electric vehicles in the country, and would wait for the infrastructure to develop, reports PTI.
Interestingly, Toyota is popular for its hybrids, and it appears that the TKM is one of the companies who are obviously not happy about the high tax on hybrids.
Toyota sells Mirai fuel-cell vehicle in the international markets.
“Toyota (Motor Corporation) does have an electric vehicle (in its portfolio and launched in some overseas markets) but we (TKM) will wait for the charging infrastructure to come up in India before we ask Toyota Motor Corporation to give us (TKM) electric vehicle products,” said Shekar Viswanathan, vice chairman and whole-time director of TKM.
“We (TKM) already have an electric vehicle in the hybrid, which is an electric vehicle…except that if we take away the internal combustion engine, it will become an all electric vehicle,” he added.
Regarding his expectation of TKM sales in the current financial year, Viswanathan said, “I do think it will go down slightly (compared to the previous fiscal) given the fact that GST rates have gone up.”
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