Current regulations dictate that a car with a petrol engine capacity under 1,200 cc or diesel engine under 1,500 cc and with a length shorter than four meters attracts an excise duty of 12 per cent. However, the duty can go as high of 30 per cent, depending on the size of the car, if the length is more than 4 meters.
Ishii said the opportunity to export is inversely proportional to the number of unique regulations in India.
About Toyota's plans to launch new cars in India, he said, "India is always changing the regulations very quickly. On the other hand to introduce a new car it takes a lot of time, planning and development time. It takes around four years on an average, so the fluctuation in regulation makes a lot of problem in preparation."
