Tata Motors has called off its Eco Car project in
Media reports suggest that Tata’s back out from the project may have at least 2 reasons. First of all, government initially set 17% tax for the eco car which has now been increased to 22%. The second reason is as per the commitment with
Tata’s eco car investment project certificate has also been terminated as the company did not maintain the 31st March 2010 deadline for submitting the details of the eco car project. However, other car makers like
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