How the new GST regime put the brakes on Toyota's hybrid cars plan in India

Toyota Kirloskar Motors halts production of Camry thanks to high GST and cess

With no respite for hybrid cars in the goods and services tax (GST) structure, Toyota Kirloskar Motors has halted the production of Camry Hybrid in Bengaluru’s manufacturing plant. The new tax regime combined with attendant cess has made the vehicle too costly, said the company according to a news report in the Economic Times.

In the quarter ending September, Toyota witnessed drastic fall of 73 per cent in the sales figures of Camry Hybrid compared to the same period a year ago. The drop in sales figures are attributed to 28 per cent GST coupled with 15