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R&D and government incentives

R&D and government incentivesThe increased pressure from the government and consumers to meet challenging fuel-efficiency standards, increasing safety requirements, the need to address operational costs in the highly competitive global market, and suppliers’ role in developing new content continue to transform the automotive industry and necessitate significant investment in R&D. 

Notwithstanding the support provided by the "Automotive Competitiveness and Investment Scheme" (ACIS) for R&D in the Automotive industry, clever companies are maximizing the returns under both ACIS and R&D tax concession.

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