An applicant under the scheme is a i. Company incorporated/ registered in India under the Companies Act, 2013, engaged in the automotive and/or auto component manufacturing sector or ii. New Non-Automotive Investor company (who is currently not in an automobile or auto component manufacturing business) incorporated/ registered in India under the Companies Act, 2013 meeting the eligibility criteria specified under the scheme and making an application for seeking approval under the Scheme.

The applicants whose accounts are declared as Non-Performing Asset (NPA) as per RBI guidelines or defaulter or wilful defaulter as per RBI/CIBIL or SEBI debarred list or reported as fraud by any bank, financial institution or non-banking financial companies etc. would be considered ineligible. Further, there should not be any insolvency proceedings admitted against the Applicant in the National Company Law Tribunal (NCLT) etc.

An applicant can have multiple manufacturing facilities/ locations in India.

Yes, Greenfield projects and Brownfield projects both are allowed under the scheme.

No, Proprietorship, Partnership, and LLPs are not allowed under the scheme. Any company incorporated in India and as defined in the Companies Act 2 of 16 2013, proposing to manufacture one or more eligible product(s) under the scheme, can be an applicant.

Yes, but it has to be registered in India to apply under the scheme.

Yes, any Company registered in India under the Companies Act can apply under the scheme subject to meeting the eligibility criteria and establishing a manufacturing facility for production of the eligible products under the scheme.

Any number of companies of the Group is permitted to apply under this scheme as an individual applicants by submitting separate applications. However, they can use the global group revenue, gross block, and net worth of the Group in their separate applications respectively.

There are two components in the scheme i. Champion OEM incentive scheme ii. Component Champion incentive scheme

An applicant eligible for applying under Champion OEM can also apply for the Component Champion segment. However, an auto component manufacturer as an applicant eligible for applying under the Component Champion segment cannot apply under Champion OEM.

An approved legal entity as an Automotive OEM company or New NonAutomotive Investor company can avail incentives under both components of the scheme subject to the condition that any eligible product shall be incentivized only once under the scheme. Any double claim of incentive for the same product under component level and vehicle level can lead to the qualification of the legal entity involved on this ground alone in addition to any other legal action as applicable under the law.

This is a fund-limited scheme. In case the calculated incentive pay-out exceeds the budgetary outlay, the scheme could be exhausted earlier than 5 (Five) years period and the incentive pay-out will be reduced on a pro-rata basis as per the formulation developed across all PLIs.

No. There is only one allocation in the scheme.

No. There is only one allocation in the scheme.

The window for receiving applications through the online portal of the scheme shall be 60 days starting from the date of Notice Inviting Applications.

Financial Year 2019-20 shall be treated as the base year for calculating eligible sale value (not applicable for approved new non-automotive investor companies).

No. The applicant company once selected and approved under the scheme can claim an incentive on the Determined sales value of eligible Advanced Automotive Technology products prescribed by MHI.

Any approved company can claim incentive under the scheme for only those Advanced Automotive Technology products meeting the condition of minimum 50% domestic value addition.

An applicant may submit a claim for disbursement of incentive within 6 (six) months from the end of the financial year to which the claim pertains or within 3 (three) months from the date of finalization of Audited Financial Statements for the same financial year, whichever is later. Claim for any financial year period shall be made only once, unless withdrawn, and no subsequent part claims shall be allowed for the said period.