Sl. Level No. 1. DIV. MNGR.

Perk Value In Lieu Allowance AGM - GM Perk Value

Car

Annexure to New Car Scheme Petrol Maintenance Maintenance Driver Insurance Ltr/Month /Year /Once in 4 Subsidy/ @50 Rs Years Month

<car type> 5,000 3,000 <car type> 7,000 <car type> 7,000 5,000 <car type> 8,000 6,000 225 7,313 120 3,900 5,000 417 5,000 417 4,000 83 4,000 83 806 806 806 806

2.

3.

Perk Value In Lieu Allowance CGM - AVP Perk Value In Lieu Allowance

6,000 500

5,000 104

10,000 10,000 10,000

1,420 1,420

4. 5.

VP & Above Company owned and maintained car with driver/subsidy Plant Company owned and maintained car with driver/subsidy Manager (irrespective of level) Employee Contribution for Sl. Nos. 1 - 3 30% Model Initial 10% Payment After 1 year 10% After 2 5% years After 4 5% Transfer to employee years after 4 years

<car types>

The officials travelling from Faridabad to Gurgaon Plant Shall be entitled to 240 ltrs petrol per month Management, may at its sole discretion, allow extra fuel to any official The officer using the car will be responsible to monitor the fuel average of the car at reasonable level The car provided to any official below the rank of VP for holding the post of Plant Manager shall be only for the period he holds the post of Plant Manager If any employee wishes to buy a car of value higher than the car to which he is entitled, he may do so by paying the full difference in the price of the car purchased and the price of the car he is entitled to, provided the difference is not more than 50% of the price of the car to which he is entitled The tax benefit accruing out of higher depreciation will be passed on to the employee, however the employee will pay for the additional charges for insurance etc