Medium And Heavy Commercial Vehicles Automotive Investment Scheme (MHCV-AIS)
OBJECTIVE
The MHCV (a sub-component of AIS) is designed to stimulate a growth path for the Medium and Heavy Commercial- vehicle industry through investment in new and/ or replacement models and components that will result in new jobs or retention of existing jobs and/ or strengthen the automotive value chain.
BENEFICIARIES
- Truck manufacturers;
- Bus Chassis manufacturers;
- Component manufacturers, deemed component manufacturers, tooling companies and bus & truck body manufacturers
BENEFITS
- Non-taxable cash grant of 20% of the value of qualifying investment in productive assets by medium and heavy commercial vehicle manufacturers;
- Non-taxable cash grant of 25% of the value of qualifying investment in productive assets by Component manufacturers and tooling companies;
SHARE
Implementing agency
Department of Trade, Industry and Competition
Contact details
Anna Theron
Tel: 012 394 1094
Ashley Ellary
Tel: 012 394 1890
James Mahlangu
Tel: 012 394 5118
