DRI slaps tax evasion ‘charge’ on Hyundai

Hyundai Motor India,which is the second largest automaker,had been given a month’s time to respond,failing which further action was likely to be taken,he said.

In a statement,Hyundai Motor India denied the allegations of tax evasion.

“All of Hyundai’s transactions are on transaction value and there is no instance of tax evasion by the company. The company will seek legal recourse in the appropriate forum,” it said.