India: VW puts proposed Rs20bn investment plan on hold

An unresolved VAT refund issue with the government of the state of Maharashtra has resulted in Volkswagen AG putting on hold its proposed Rs20bn (US$367m) investment plan in the country. "The normal investments required for usual operations of the company is going on but the big plans for the future have Subscribe to Automotive World … Continued

• By Webmaster
• May 18, 2012