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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 four-wheelers by temporarily allowing reduced customs duty on imports of cars (see related interventi...

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Intervention Details

Intervention Type

Local value added incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

15 Mar 2024

Revocation date

14 Mar 2029

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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