actually, i kind of agree there... there is too much diversity in india to just sum things up in two words..
This is enough even for cities and if you are alone- obviously if you dont have to spend money buying drugs, coke and rum, 200-300 is enough!
Not BMW, but i am talking about Mahindra Scorpio here, try with SUV's in that range, they gulp diesel and also demands pampering by heavy maintenance expenditure
20-30k Indian rupees is must to live, price of essential commodities have grown 40-50% in last 12 months...