To encourage foreign automakers to test their vehicles in India, the Centre has decided to remove import duty on automobiles brought in for testing at its agencies such as the International Center for Automotive Technology (iCAT) and the Automotive Research Association of India (ARAI).
Foreign automakers have to pay a high import duty of 252% on the vehicles they bring into the country for testing.
Minister for heavy industries Mahendra Nath Pandey on Saturday said the move will make vehicle testing competitive and will support the development of a testing hub in India. His remark came at a media interaction on the sidelines of an exposition on clean mobility at iCAT in Manesar.
The automobile industry is a dynamic market, and we need a reliable source to keep us abreast of the latest happenings both in the form of news and trends.
-G S Ramesh, Chairman at Layam Group
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#autocar#journalism#automotive#automobile#autocarindia
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To encourage foreign automakers to test their vehicles in India, the Centre has decided to remove import duty on automobiles brought in for testing at its agencies such as the International Center for Automotive Technology (iCAT) and the Automotive Research Association of India (ARAI).
Foreign automakers have to pay a high import duty of 252% on the vehicles they bring into the country for testing.
Minister for heavy industries Mahendra Nath Pandey on Saturday said the move will make vehicle testing competitive and will support the development of a testing hub in India. His remark came at a media interaction on the sidelines of an exposition on clean mobility at iCAT in Manesar.
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The automobile industry is a dynamic market, and we need a reliable source to keep us abreast of the latest happenings both in the form of news and trends.
-G S Ramesh, Chairman at Layam Group
.
.
#autocar #journalism #automotive #automobile #autocarindia
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