India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows,

Volkswagen has received a warning from Indian authorities accusing it of dodging $1.4 billion in taxes by "wilfully" paying cheaper import charges on components for its Audi, VW, and Skoda vehicles.

India's fiscal deficit for April-October was 7.5 trillion rupees ($88.79 billion), or 46.5% of the estimate for the year ending March 2025, government data showed on Friday.

Indias fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.

The Centre's fiscal deficit at the end of the first seven months of the financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit -- the gap between the government's expenditure and revenue -- was at Rs 7,