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India urges auto companies to cut royalties to foreign parents: Sources

Updated : August 18, 2020 04:13 PM IST

India, for years, has debated imposing stricter caps on royalty payments which spiked after 2009 when foreign investment rules were eased and restrictions on such payments were removed.
Maruti, Toyota and Bosch declined to comment. Hyundai, Schaeffler and Wabco did not respond to emails seeking comment.
India urges auto companies to cut royalties to foreign parents: Sources

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