Peca does not enshrine the establishment of special courts to hear offences under it and nor does it contain the offence of "digital terrorism" anywhere.
Some market experts believe that thriving CKD imports by the local assemblers were also due to the low localisation of parts in locally assembled vehicles.
Analyst says investor concerns about a settlement of $15 billion due to Chinese IPPs, a surging power tariff and political noise over banning opposition led to a bearish close.