Question : INVESTMENT LIMIT ON NEW CAR MANUFACTURERS



(a) whether the Government have decided not to impose any minimum investment limit on new passenger car manufacturers planning to enter into the market after lifting quantitative restrictions;

(b) if so, the details thereof;

(c) whether the Government are also considering to give major incentives to alternative fuel and components to help in containing increasing emission level; and

(d) if so, the details thereof and other safeguards being taken by the Government to save the automobile industry after lifting the quantitative restrictions?

Answer given by the minister


MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI MANOHAR JOSHI)

(a) to (d): The Auto Policy is under formulation and it will be announced once it is finalized.