Yes, the scheme is open to companies registered in India under the Companies Act, 2013. This includes new non-automotive investors who are not currently in the automobile or auto component manufacturing business but have a clear plan to invest and produce eligible advanced automotive technology products.

For calculating eligible sales value, the Financial Year 2019-20 is considered the base year. However, this doesn't apply to approved new non-automotive investor companies.

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

This is a fund-limited scheme. If the calculated incentive payouts go beyond the budgetary outlay, the scheme might conclude earlier than the planned five years. In such cases, incentive payouts will be reduced proportionally across all beneficiaries.

No, there isn't a segregation in the budgetary outlay based on vehicle segments (like 2W, 3W, 4W, CV, Tractors, military vehicles) or between vehicles and auto components. There is a single overall allocation for the scheme.

If an approved company misses the cumulative domestic investment condition for any given year, they won't receive incentives for that year. However, they can still qualify for benefits in subsequent years if they meet the defined cumulative investment targets for those years.

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

An applicant can submit a claim for disbursement of incentive within 6 months from the end of the financial year the claim relates to, or within 3 months from the finalization of Audited Financial Statements for that year, whichever is later. Each financial year's claim can only be submitted once.

Yes, a company that is 100% foreign-owned can be eligible, provided it is registered in India and meets all other scheme requirements.

Yes, both Greenfield projects (new establishments) and Brownfield projects (expansion of existing facilities) are eligible under the scheme.

No, Proprietorships, Partnerships, and Limited Liability Partnerships (LLPs) are not eligible. Only companies incorporated in India under the Companies Act, 2013, that plan to manufacture eligible products, can apply.

The scheme has two main components: 1. The Champion OEM Incentive Scheme, and 2. The Component Champion Incentive Scheme.

No, an approved company can only claim incentives for Advanced Automotive Technology products that meet the minimum requirement of 50% domestic value addition.

Applicants whose accounts are classified as Non-Performing Asset (NPA), defaulters, or wilful defaulters as per RBI guidelines, or are debarred by SEBI, or have been reported for fraud by any financial institution, are considered ineligible. Also, if insolvency proceedings have been admitted against the applicant by the National Company Law Tribunal (NCLT), they will be disqualified.

Each company within a group is allowed to submit its own individual application. While they apply separately, they can utilize the combined global group revenue, gross block, and net worth criteria in their respective applications.

The online portal for applications remains open for 60 days, starting from the date the 'Notice Inviting Applications' is issued.

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

Yes, companies registered in India can apply if they meet the eligibility criteria and establish a manufacturing facility to produce the eligible products under the scheme, even if they are currently value-added resellers or trading companies without manufacturing operations.