Automakers demand clarity on incentives for new entrants : v

Automakers demand clarity on incentives for new entrants


Automakers demand clarity on incentives for new entrants
Business
February 10, 2021
LAHORE: Carmakers have asked the Engineering Development Board (EDB) to be specific about the cut off dates for availing incentives that Auto Development Policy (ADP) 2016-21 offers to the new entrants, an official said on Tuesday.
Pakistan Automotive Manufacturers Association (PAMA) demanded clarity on those dates in a letter to the EDB, dated February 8, 2021.
The official said apparently, in the light of the Auto Industry Development Committee’s (AIDC) 34th meeting’s minutes, the government seemed to give some favour to some player.
“Currently, one new entrant is selling and booking its vehicles without establishing a plant, while under the policy every new entrant is allowed to bring 100 CBUs for the product development and marketing,” the official said.

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