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He was the Chairman and Managing Director of Kirloskar Systems Ltd. and also the Vice Chairman of Toyota Kirloskar Motor Pvt. Ltd

Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar passes away

He was the Chairman and Managing Director of Kirloskar Systems Ltd. and also the Vice Chairman of Toyota Kirloskar Motor Pvt. Ltd

Vikram Kirloskar, vice chairman of Toyota Kirloskar Motor Pvt. and a major figure in India&rsquo;s automotive sector, passed away on Tuesday in Bengaluru at the age of 64.
Following this unfortunate event, the carmaker put out a statement, which did not mention what caused his death, but initial reports said he suffered a massive heart attack.
A fourth-generation member of the group founded by Laxmanrao Kirloskar in 1888, Vikram Kirloskar joined the business after college as a production-engineering trainee at Kirloskar Cummins in Pune.&nbsp;
Vikram Kirloskar, a pioneer of India's automotive industry, played a key role in bringing Japan's Toyota Motor Corp to India in the late 1990s.
Known in the industry as a "Passionate Engineer", which is also his LinkedIn profile's description, Kirloskar played a key role in partnering with Toyota and bringing it to India.&nbsp;

Toyota halts expansion in India due to high tax regime

Japanese auto giant Toyota Motor may not expand further in India due to the country&rsquo;s high tax regime, a blow to the Modi&nbsp;government

Japanese auto giant Toyota Motor may not expand further in India due to the country&rsquo;s high tax regime, Bloomberg&nbsp;reported on Tuesday.
This is a blow for Prime Minister Narendra Modi, who&rsquo;s trying to lure global companies to offset the deep economic malaise caused by the coronavirus pandemic.&nbsp;A Bloomberg&nbsp;report, last week, said India is planning to offer incentives worth $23 billion to attract firms to set up manufacturing.
In India, motor vehicles including cars, two-wheelers and sports utility vehicles attract taxes as high as 28%. On top of that there can be additional levies, ranging from 1% to as much as 22%, based on a car&rsquo;s type, length or engine size.

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