Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes.The amount could be as high as $155m (£125m) and the notice was sent in April last year,

India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs,

The Indian government has accused South Korean automaker Kia Motors of evading taxes to the tune of $155 million. The allegations arise from the misclassification of imported components, a claim that Kia firmly denies. This dispute is the latest in a series of confrontations between foreign car manufacturers and New Delhi over tariff issues.

Several foreign companies, including Kia, Volkswagen, and Vodafone, are locked in high-stakes tax disputes with India over import duties and M&A levies, impacting investments and business operations.

After Volkswagen, South Korean automaker Kia has come under Indian authority’s lens for evading taxes.As per the government, Kia has evaded $155 mill

Foreign companies have often struggled in India due to high tax demands related to duty evasion on imports or levies payable on big M&A transactions, leading to prolonged litigation at times.

Indian tax authorities issued a notice to Kia’s Indian unit, stating the company incorrectly declared imported parts for assembling its Carnival minivan. The notice, according to a Reuters report, alleges Kia separated shipments to reduce customs duties.

Kia competes with Hyundai and Maruti Suzuki in the world's third-largest auto market, where it has a share of 6% of roughly 4 million units a year, and its Kia Seltos and Sonet SUVs are among the top sellers.

India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs,

South Korea's Kia has been accused by India of evading taxes amounting to $155 million through misclassification of component imports, Reuters reported on Wednesday, citing a government document and two sources.