Demonetisation has given a severe blow to us, says Toyota
Managing Director of Toyota Kirloskar Motor, the Indian subsidiary of the Japanese automaker, Akito Tachibana has said that demonetisation gave a severe blow to Toyota. There has been a downfall of 30-40% post the decision, he stated. Further, India is the most challenging market in the world and 2016 has been the toughest year in India operations, he added.