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Budget 2021: Toyota seeks simplification of laws, policy support for electric vehicles

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Toyota Kirloskar Motor (TKM) has sought simplification of laws to improve ease of doing business, roll out of scrappage policy and lowering of custom duties on imported vehicle parts in the upcoming Union Budget. Spelling out its Budget wish-list on Monday, the automaker also sought policy measures to support production of electric and hybrid vehicles (xEVs) in the country.Toyota Kirloskar Motor (TKM) has sought simplification of laws to improve ease of doing business, roll out of scrappage policy and lowering of custom duties on imported vehicle parts in the upcoming Union Budget. Spelling out its Budget wish-list on Monday, the automaker also sought policy measures to support production of electric and hybrid vehicles (xEVs) in the country.

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