The lingering uncertainty on sale of high-end diesel vehicles in the national capital region has come as a big blow to Japanese auto major Toyota’s “confidence in India”, forcing its domestic unit to rework its plans.
“Toyota Motor’s confidence in India has taken a big knock after the Supreme Court ban since mid-December last on sale of high-end diesel cars and SUVs, and the continuing uncertainty… is only adding to it. But it is our job at Toyota Kirloskar Motor to reinstate that confidence,” TKM Vice-Chairman Shekhar Vishwanathan said here over the weekend.
Stating that “the element of trust has been broken” between Toyota and the country as a whole, he said “it has become very difficult to launch new products or commit fresh investments. This is in spite of the fact that we have been producing vehicles complying with all the norms laid out in the country from day one”.