Tag - luxury EV pricing

Key highlights BMW India has introduced a uniform ex-showroom price of INR 2.05 crore for the i7 electric sedan across all states. The pricing includes registration charges, GST, and compensation cess, ensuring price parity for customers nationwide. Customers will only need to pay for insurance, Tax Collected at Source (TCS), and local cess levies. BMW India has announced a nationwide uniform pricing policy for its flagship electric sedan, the BMW i7, eliminating regional disparities in vehicle registration costs. The move ensures that customers across India pay the same ex-showroom price of ₹2.05 crore, regardless of their state of registration. Why the uniform pricing? Traditionally, vehicle registration taxes vary across states, leading to price fluctuations for buyers. BMW India has decided to absorb registration costs, including GST and compensation cess, to simplify the purchasing process and encourage EV adoption. BMW Group India President and CEO Vikram Pawah explained that this initiative aims to reduce uncertainty for customers, ensuring that everyone pays the same price, even if state taxes change. What’s included in the price? The INR 2.05 crore ex-showroom price covers: Registration charges (borne by BMW India). GST and compensation cess. Dealer administration costs. Customers will only need to pay for: Insurance. Tax Collected at Source (TCS). Local cess levies (if applicable). BMW i7: A luxury EV with cutting-edge features The BMW i7 is a fully electric luxury sedan, blending performance, technology, and sustainability. Key features include: BMW Interaction Bar with a curved digital display. Executive Lounge Seating with 42.5-degree recline, massage function, and ventilation. Rear Seat Entertainment with a BMW Theatre Screen. BMW ConnectedDrive with Amazon Fire TV, smartphone parking, and real-time traffic updates. Market impact and customer benefits BMW’s uniform pricing strategy simplifies the buying process and ensures fairness for customers nationwide. The initiative is expected to boost EV adoption, making luxury electric mobility more accessible. Also read: BMW M8 Competition-based Speedtop concept revealed