Rs 1.6 cr for car registration

ambaniReliance group chairman Mukesh Ambani is said to have spent Rs 1.6 crore for registration of his car. Recently he bought BMW 7601 car priced at Rs 1.9 crore which was designed in Germany for making additional security arrangements as he is Z category security. But the import of car with high end security features attracts 300 percent tax which raised the cost to Rs 8.5 crore. And according to Maharashtra vehicle registrations act  20 percent of the cost of the vehicle should be paid as registration fee. So he had to cough up Rs 1.6 crore. This is the first time registration of a car costing so much in Mumbai.

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