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Global Trade Alert

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India: Demand incentives increased under scheme for electric vehicles

Description

On 9 February 2024, the Indian Ministry of Heavy Industries increased the total budget of the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme. T...

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Intervention Details

Intervention Type

Localisation, nes

MAST Chapter

I: Trade-related investment measures

Implementation date

09 Feb 2024

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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