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Tag: India accuses Kia of evading taxes

India accuses Kia of evading taxes of $155 million: Report

Posted on February 5, 2025 By admin
India accuses Kia of evading taxes of $155 million: Report

India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources. Kia competes with Hyundai and Maruti Suzuki in the world’s third-largest auto market, where…

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