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KIA Motors India manufacturing facility at Erramanchi in Anantapur district of Andhra Pradesh. File photo | Photo Credit: The Hindu Kia India has received a tax demand notice from the authorities over component imports even as the automaker has denied any wrongdoing noting that it has filed a “detailed response” regarding the matter. As per…
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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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