Companies registered in India under the Companies Act, 2013, are eligible. This includes those already involved in automotive and auto component manufacturing. New non-automotive investors are also welcome if they plan to enter this sector and meet the specified criteria.

Yes, any company registered in India under the Companies Act can apply, provided they meet all eligibility requirements and establish a manufacturing facility for the eligible products under the scheme.

The application window is generally open for 60 days, starting from the date the government issues the Notice Inviting Applications.

If an approved company misses its cumulative domestic investment target for a specific year, it won't receive any incentives for that year. However, it can still qualify for benefits in subsequent years if it meets the investment conditions for those years.

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

Absolutely. Both Greenfield and Brownfield projects are eligible under this scheme.

Ineligibility can occur if an applicant's accounts are declared as Non-Performing Assets (NPA), or if they are flagged as defaulters, wilful defaulters, debarred by SEBI, or reported for fraud by any financial institution. Also, if insolvency proceedings have been admitted against the applicant by the National Company Law Tribunal (NCLT), they would be ineligible.

Yes, a 100% foreign-owned company can be eligible, but it must be registered in India to be able to apply under the scheme.

No, only companies incorporated in India as per the Companies Act, 2013, can apply. Proprietorships, partnerships, and LLPs are not eligible.

Financial Year 2019-20 is considered the base year for calculating the eligible sales value. This base year is not applicable for approved new non-automotive investor companies.

This is a fund-limited scheme. If the calculated incentive payout surpasses the budgetary outlay, the scheme might be exhausted before the full 5-year period. In such a scenario, incentive payouts will be reduced on a pro-rata basis for all beneficiaries.

No, each company within a group intending to apply must submit a separate application. However, they can utilize the group's global revenue, gross block, and net worth in their individual applications.

No, an approved company can only claim incentives for AAT products that meet the minimum condition of 50% domestic value addition.

The scheme has two core components: the Champion OEM incentive scheme and the Component Champion incentive scheme.

No, there is a single, consolidated budgetary allocation for the entire scheme. There isn't segregation based on vehicles vs. components or specific vehicle segments.

Yes, an applicant company is permitted to have multiple manufacturing facilities or locations within India.

Claims can be submitted within 6 months from the end of the financial year to which the claim pertains, or within 3 months from the finalization of audited financial statements for that year, whichever is later. Claims for a financial year can only be made once.

An eligible legal entity can receive incentives under both components. However, any specific eligible product can only be incentivized once under the scheme. Claiming double incentives for the same product under both component and vehicle levels can lead to disqualification and further legal action.