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Hope this doesn't turn into Next Nokia or Vodafone saga
i know how VW Group works being an insider as former employee but will they be left with just collecting the dues or govt thinking of making extra moolah by charging 2* interest as fine would make or break this company in india .
Rs 12,000 Crore Bombshell - Skoda Auto Volkswagen India Hit with Massive Tax Evasion Notice
Skoda Auto Volkswagen India Faces Rs 12,000 Crore Tax Evasion Charge; Fines Could Double to Rs 24,000 Crore with Interestwww.rushlane.com
The Ex-German Ambassador was moaning about India levying lot of taxes on auto parts.
High import duties, trade pact impasse irk Germany
Wants investment protection pact in free trade agreement
www.thehindu.com
The same was echoed by his successor as well. German auto companies only wants to do the bare minimum to make profits or get access to new markets. In the case of China, their government wanted any automaker wanting access to Chinese market should tie up with a Chinese partner. I think it is time for us to do the same and not compromise. You want access to our market? Then STFU and build manufacturing and ecosystem here just like you did in China. Or else take a hike. India is becoming a huge market for many car players. We should gradually impose the terms and conditions on auto makers in return for market access.