Tax alert: Scheme to promote manufacturing of electric passenger cars in India has been saved
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Tax alert: Scheme to promote manufacturing of electric passenger cars in India
15 March 2024
The Ministry of Heavy Industries (MHI), vide notification dated 15 March 2024, has introduced a ‘scheme topromote India as a manufacturing destination for Electric Vehicles (EVs) and attract investments from globalEV manufacturers (Scheme)’. The Scheme is also intended to facilitate employment generation and achievethe goal of ‘Make in India’.
