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Global Trade Alert

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India: Scheme launched to promote the manufacturing of electric vehicles

Description

On 15 March 2024, the Indian government approved a scheme to promote the manufacturing of electric passenger cars. Under the scheme, companies investing at least INR 4'150 crore (USD 500 million) and ...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

15 Mar 2024

Revocation date

14 Mar 2029

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

sector-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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