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Automakers in India should cut royalty payments to foreign parent firms, says official

Updated : September 17, 2020 03:36 PM IST

Maruti Suzuki paid Rs 38.2 billion in royalties to its parent Suzuki Motor in the last fiscal year .
Privately-owned companies such as Toyota Motor's India arm paid $88 million or 3.4 percent of revenue to its Japanese parent.
Automakers in India should cut royalty payments to foreign parent firms, says official

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