This September, the Brazilian government is to launch a new programme called “Innovate – Autoparts†(Inovar – Autopeças), aimed at stimulating the automotive parts sector. The main objective is to boost the technological content of components, thereby reducing imports of vehicle parts. This latest initiative will necessitate changes to the existing “Innovate – Auto†policy, which came into effect in January as a means of incentivising local production of finished vehicles.
