Daily News Egypt

INDE manufactures motor tricycles with 60% local component - Daily News Egypt

Advertising Area



Advertising Area




INDE manufactures motor tricycles with 60% local component

Shadi Rashad, INDE business development manager, said that three years ago, the company started manufacturing motorised tricycles. It started producing 1,000 units per month. The vehicle is composed of 48% local components from eight suppliers. Currently, the company has increased the local component to 60%. During the fourth annual Egypt Automotive summit, Rashad said that …


Shadi Rashad, INDE business development manager, said that three years ago, the company started manufacturing motorised tricycles. It started producing 1,000 units per month. The vehicle is composed of 48% local components from eight suppliers. Currently, the company has increased the local component to 60%.

During the fourth annual Egypt Automotive summit, Rashad said that the company aims to increase the production of the vehicles to 2,000 units per month.

“Among the problems we face in the market is the fact that companies evade the payment of taxes, custom duties, and value-added tax (VAT),” he said.

Rashad suggested that the government set standards and controls for companies with regard to the VAT, in addition to strict controls over tax payment.

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2017/12/10/inde-manufactures-motor-tricycles-60-local-component/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View
Social Media Auto Publish Powered By : XYZScripts.com