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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 that permits the import of limited quantities of electric cars at a reduced customs duty (see related intervention). Since the scheme is restr...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

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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Affected Sectors

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Affected Products

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