Car Scheme - Pdf Download

Dear Members,
Can you pls explain me the HR policy regarding providing company car to employees in IT industry? The employees will be given company car and after 4-5 years they will have the option of buying it at depreciated value of say 20%.
Are other software companies following this policy? What is the experience? Does it help in reducing attrition? What is the criteria for selecting employees for this scheme. Pls give your feedback.

Dear Babita,
I was also searching for some help on the same topic. Found this attachment on CiteHR. See if this helps you.
All the best!
Regards,
Suja

Hi,
Might be I am Little late in Replying to ur query.....
I was working with India's biggest Retail Company....There I used to handle this only....Hope that this can be of your use...
Rgds/Shweta