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The Hindu Businessline

Business / The Hindu Businessline

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How can a 2-crore BMW i7 draws same 8,000 tax as 12-lakh Punch.ev

At the heart of it is a deceptively simple rule: under the revised framework, a 2 crore BMW i7 now carries the same taxable perquisite value as a 12 lakh Tata Punch EV, a flat 8,000 a month, irrespective of what the car costs. For luxury OEMs that have long struggled to crack the corporate fleet market, it is the opening they have been waiting for

24 Mar 2026 7:27 pm