India DGTR Final Findings: Anti-Dumping Duty on LNG Fuel Tanks from China

Mechanism

The DGTR initiated the anti-dumping investigation in December 2024 following a petition by Inox India Ltd, India's dominant domestic manufacturer of cryogenic storage and transport equipment. The investigation covered cryogenic Liquefied Natural Gas Fuel Tanks (LFT) — pressure vessels designed to store LNG at cryogenic temperatures (approximately −162 °C) for use as onboard fuel in heavy commercial vehicles (HCVs) and LNG-powered trucks.

Final findings issued 18 March 2026 concluded that:

• Chinese-origin LFTs entered the Indian market at prices significantly below their normal value
• Imports increased materially during the period of investigation
• Domestic prices were suppressed and in some cases domestic producers were forced to sell below cost
• The imported and domestically produced LFTs are technically and commercially comparable products

Under India's anti-dumping framework, the DGTR's final findings constitute a recommendation to the Ministry of Finance, which issues the implementing customs notification (typically within 3 months). Until the Finance Ministry notification is issued, no duty is formally collected.

Downstream implications

• India LNG mobility programme exposure: LFTs are the critical capital-equipment input for

India's LNG-trucking push — Tata Motors and Ashok Leyland have both launched LNG-engine HCV variants targeting long-haul trucking routes. Duty imposition raises LNG truck adoption costs for fleet operators relying on Chinese cryogenic equipment supply.

• Clean-fuel infrastructure cost pass-through: India's city-gas-distribution (CGD) network

expansion and LNG bunkering for inland-waterways programmes rely on cryogenic tank supply. Duty protection raises Inox India's competitive position but may slow deployment pace.

• Inox India (NSE: INOXINDIA) beneficiary: As the primary domestic petitioner and principal

manufacturer, Inox India stands to benefit directly from duty protection restoring pricing headroom against Chinese competition.

• First cryogenic-equipment trade-remedy on the register: Structurally adjacent to filed

2026-04-28 met-coke and 2026-03-20 PTFE AD actions as part of India's accelerating 2026 trade-remedy enforcement trajectory targeting Chinese imports.

Open questions

• What specific anti-dumping duty rate will the Finance Ministry implement? (DGTR final findings

typically recommend a margin-of-dumping rate; awaiting the customs notification)

• Will Chinese LFT suppliers initiate a WTO dispute or offer price undertakings?
• Timeline for Finance Ministry customs notification and formal duty collection commencement