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Which brings us to a basic life rule. Do not buy a German luxury car unless you earn at least ₹1 crore post tax annually and have at least another crore parked safely as savings. Anything else is fiscal vanity. A German car on EMI with no real savings isn’t aspiration—it’s poor judgment. Forget what bankers, neighbours, or Instagram think. By day two, even you won’t respect yourself when you see that car sitting in your parking lot.
Prime Minister Narendra Modi's government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc with an import price of more than 15,000 euros ($17,739), two sources briefed on the talks told Reuters.
This will be further lowered to 10% over time, they added, easing access to the Indian market for European automakers such as Volkswagen, Mercedes-Benz and BMW.
https://www.moneycontrol.com/news/business/trade/india-may-slash-eu-car-import-tariffs-from-110-to-40-as-mother-of-all-trade-deal-nears-13790142.html