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11 exotic cars seized by Indian authorities for tax evasion

On Sunday, road transport officials in India intercepted a convoy of 15 supercars out for a drive in Hyderabad. By the time the traffic stop had ended, 11 of the luxury and sports cars had been seized. Cars involved included those made by Lamborghini, Ferrari, Porsche, Rolls Royce, and Maserati. According to The Times of India, the 11 confiscated vehicles were impounded on charges of tax evasion. In India, the so-called "life tax" applies to all motor vehicles, but each state levies their own rates. In Telangana state, where the 6.8 million-large city of Hyderabad is located, taxes are more expensive than other states. The seized cars – estimated by The Times to be worth between $500,000 and $1.3 million a piece – were registered in states where the life tax rates are cheaper, the article reports, while authorities say that the cars had been operating on Hyderabad's roads. Authorities had been following the cars on CCTV for six months prior to Sunday's traffic stop. In addition to the tax issues, some of the cars had outstanding traffic violations as well. "They have been living and playing in Hyderabad. We have enough evidence for it," said Papa Rao, the enforcement team leader who led the seizure. Rao had another message for those who might be bankrolling the drivers. "We are also requesting the parents of the youngsters to ensure that these youngsters do not speed." According to the news outlet, the drivers were between 25 and 35 years old. In recent years, there's been talk in India of creating a single, country-wide road tax. While the move will help reduce confusion for car buyers, one of the goals is also to close the loophole of paying taxes in states with lower rates. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2022 Lamborghini Countach LPI 800-4 revealed

Wrecked Lamborghini Countach from 'Wolf of Wall Street' fails to sell in Abu Dhabi

Martin Scorsese used two genuine 1989 Lamborghini Countach 25th Anniversary Editions in "The Wolf of Wall Street." They're both headed to auction in December, one of them for the second time. See, in August, RM Sotheby's announced that it would auction one of the movie cars in New York in December, its lot being an undamaged Bianco Polo Countach 25th Anniversary. At the time, no one had information on the location or condition of the second car that had been damaged rather badly as part of filming, victim of the main character driving under severe influence and the stunt department putting in some sledgehammer work. In November, the second, wrecked car showed up in the catalog for Bonhams' On the Grid auction at the season-ending Abu Dhabi Formula 1 Grand Prix. Bonhams put the presale estimate at $1.5 million to $2 million. Someone submitted a bid for $1.35 million, which the seller rejected, so the auction house is putting the car up for sale at a later date. For some perspective on that rejected bid, Hagerty values the 1989 Lamborghini Countach Silver Edition in good condition at $440,000, the qualification being that the car "Runs and drives well. Flaws not noticeable to passersby." An example in concours condition, which is "World-class. Could compete in the world's best Concours d'Elegance events," is valued at $780,000. Classic.com, which tracks transactions of exotics and classics, shows a number of sales this year. Bring a Trailer sold three over the summer, one for $577,600, a second for $632,000, a third for $670,000. Other summer auctions for the same model pulled $472,500, $465,000, and a rejected high bid of $342,000. The highest prices paid this year are $775,000 for a car with 154 miles and $715,000 paid for a car with 102 miles. "The Wolf of Wall Street" car is an undriveable heap, a piece of cinematic sculpture at best, for which the owner seeks at least double the price of a practically new car. And what's wrong with that? Art regularly goes for more than $1.5 million, if that's what this is to be considered — and that might indeed be the consideration. RM Sotheby's recently put a 1962 Ferrari 250/330 GTO on the block at one of its art auctions in New York, perhaps Bonhams plans to do something similar. Car & Bike wrote that the Lamborghini heads to auction again in December. Bonhams' site lists three car-centric auctions in December, the Countach so far not shown among the lots.

Lamborghini Urus finally set to debut on Dec. 4

It's been more than two years since Lamborghini announced it was planning to build its second SUV, the Urus. It's been more than five years since the original concept was revealed at the Beijing Motor Show back in 2012. Finally, on Dec. 4, the Italian automaker will reveal the full production version at an event in Sant'Agata Bolognese. We've seen plenty of concepts and spy shots of the Urus by now. We know it will be powered by a twin-turbo V8 making 650 horsepower and upwards of 600 pound-feet of torque. A plug-in hybrid — a first for Lamborghini — will follow soon after. Pricing hasn't been announced, but look for a base MSRP of at least $200,000. In the teaser video, Lamborghini is making a big deal about this being the first super sport utility vehicle. If any automaker can back up that claim, it's Lamborghini. This isn't going to be some rough-and-tumble V12-powered off-roader like the LM002. This is a high-performance machine in a similar, but far more over-the-top, vein as the Porsche Cayenne and BMW X5 M. The timing of the reveal is an interesting one. The event is just days after the 2017 Los Angeles Auto Show. Rather than compete for coverage, Lamborghini is taking a more modern approach to the Urus' reveal. Either way, we're looking forward to it. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.