Announcement
15 Mar 2024
On 15 March 2024, the Indian government announced a scheme that reduces customs duties for companies investing in local manufacturing of electric vehicles.
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Number of interventions
4
2 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
15 Mar 2024
Revocation date:
14 Mar 2029
Updated: 15 Mar 2024
Tax or social insurance relief
In force
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 re...
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Updated: 15 Mar 2024
Local value added incentive
In force
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 interve...
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Implementation date
15 Mar 2024
Revocation date:
14 Mar 2029
Updated: 15 Mar 2024
FDI: Financial incentive
In force
On 15 March 2024, the Indian government introduced a scheme to promote the manufacturing of electric four-wheelers in the country. The press release notes that the policy has been designed to "attr...
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Updated: 15 Mar 2024
Import tariff
In force
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) a...
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