Automotive Investment Scheme
A non-taxable cash grant of 20 percent of qualifying investment in productive assets for vehicle manufacturers (OEMs) and 25 percent for component manufacturers and tooling companies; the P-AIS people-carrier sub-scheme can reach 35 percent with bonus grants. OEMs must reach 50,000 units per year per plant; component makers must show the project will generate at least 25 percent of turnover or R10 million per year from the OEM supply chain. A valid B-BBEE certificate (levels 1-4) is required. Apply to the dtic 90-180 days before start of production.
automotivevehicle manufacturingcomponents