Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows
Publishing timestamp: 2025-02-02 11:22:59
Summary
Volkswagen has sued Indian authorities to quash a $1.4 billion tax demand, arguing that it is contradictory to import taxation rules for car parts and will hamper the company's business plans. The tax dispute puts at risk Volkswagen's investments in India and is detrimental to the foreign investment climate. The case is set to be heard in the High Court in Mumbai on Feb. 5.
Sentiment: MIXED
Tickers: TSLA, VOW-FF, DAII-FF,
Keywords: mercedes-benz group ag, autos, volkswagen ag, business news, tesla inc, india, new delhi, mercedes benz group ag,