The Board of Investment (BoI) on Wednesday approved the second phase of the eco-car scheme amid a warning from automakers about market oversupply.
Car manufacturers must submit applications to the BoI by March 31, 2014 and begin production within 2019.
The first batch of manufacturers can apply to expand production or reinvest in phase II with no less than 5 billion baht of capital (excluding land costs). But new manufacturers must invest no less than 6.5 billion baht.
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