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Hindustan Times
28-05-2025
- Automotive
- Hindustan Times
Planning to buy the i7? BMW has something interesting for you
The BMW i7 eDrive50's ex-showroom cost now includes registration and GST charges, making it more accessible for customers. Check Offers In a special incentive for customers of its flagship electric luxury sedan, BMW India has announced it will pay for the registration cost of the i7. The BMW i7 eDrive50 is priced at ₹ 2.05 crore, and the ex-showroom price now includes the registration and GST charges as well. The move will help make the i7 more accessible and attractive to interested customers, against its closest rival, the Mercedes-Benz EQS. BMW i7 ex-showroom price now includes registration & GST cost The new price, inclusive of registration and GST (incl. compensation cess) on the BMW i7, is applicable across all dealerships, the company said. However, the price excludes Tax Collected at Source (TCS), as well as other local taxied levied, and insurance. Speaking about the announcement, Vikram Pawah, President and CEO, BMW Group India, said," BMW India has always looked at electric mobility as a holistic concept. We are the pioneers and leaders in the luxury electric mobility space with a novel approach to electric products and services. The introduction of a uniform price for the customers of BMW i7 will ensure price parity for our valuable customers, regardless of which location they want to register their vehicle in. With this innovative offer, our focus is on customer centricity and encouraging the adoption of electric mobility with added benefits. As the vehicle of choice of leaders and luminaries with next-level style and substance, the i7 will continue to shape forwardism in every way." BMW i7: Features The BMW i7 is the electric equivalent of the 7 Series, the brand's flagship sedan. The model comes with the same striking design language, with the massive illuminated grille and BMW Crystal lights. The cabin features a curved display with the BMW Live Cockpit Professional includes a freestanding BMW Curved Display. There's also the BMW Interaction Bar and the Rear Seat Entertainment Experience with BMW Theatre Screen. The model also gets multifunction seats with a massage function, active seat ventilation and a rear console. You also get a suite of driver assistance systems on the car. BMW i7: Specifications Powering the BMW i7 eDrive50 is a single electric motor with 443 bhp. The electric sedan is equipped with a 101.7 kWh battery pack and a claimed range of 603 km (WLTP) on a single charge. The battery takes about 10 hours and 45 minutes via an 11 kW AC charger. BMW will also sell you the i7 M70 xDrive variant with 641 bhp and 1015 Nm that sends power to all four wheels. The claimed range stands at 560 km on a single charge. Do note that the offer is only applicable to the eDrive50 variant. Check out Upcoming EV Cars in India. First Published Date: 28 May 2025, 09:28 AM IST
Business Standard
27-05-2025
- Automotive
- Business Standard
The BMW i7: The best of electrifying mobility now at a uniform price across the nation
VMPL Gurugram (Haryana) [India], May 27: BMW India has introduced a unique offer on its flagship electric limousine - the BMW i7 - for benefit of customers across the nation. The first-of-its-kind offer provides a uniform pricing for the BMW i7 regardless of the registration location. In the specially designed new pricing, the customers do not need to incur the registration cost for BMW i7, as such cost will be borne by BMW India and administered by the authorized dealership. Mr. Vikram Pawah, President and CEO, BMW Group India said," BMW India has always looked as electric mobility as a holistic concept. We are the pioneers and leaders in the luxury electric mobility space with a novel approach to electric products and services. The introduction of a uniform price for the customers of BMW i7 will ensure price parity for our valuable customers regardless of which location they want to register their vehicle in. With this innovative offer, our focus is on customer centricity and encouraging the adoption of electric mobility with added benefits. As the vehicle of choice of leaders and luminaries with next-level style and substance, the i7 will continue to shape forwardism in every way." The current ex-showroom price of the BMW i7 is INR 2,05,00,000. The offer exclusively on BMW i7 is valid through all authorised BMW dealerships in India. It is inclusive of registration charges and GST (incl. compensation cess) as applicable. It excludes Tax Collected at Source (TCS), other local tax cess levies and insurance. BMW i7 The first-ever BMW i7 is a true all-electric luxury sedan that clearly demonstrates how an exclusive driving experience can be combined with an unwavering commitment to sustainability. The i7 offers all-electric innovation, visionary design, and powerful driving dynamics that make a striking impression. It makes a visual statement by taking a considerable leap forward in terms of design and dimensions. The headlights are divided into two parts. At the top are the daytime running lights, complete with the BMW Crystal Headlights. Another distinguished feature is the strikingly illuminated BMW Iconic Glow kidney grille surround that lends an unmistakeable appearance. In the interior, the innovative BMW Interaction Bar defines the revolutionary cockpit design. BMW Live Cockpit Professional includes the freestanding BMW Curved Display with Navigation with real-time traffic information and augmented view. Unique and innovative features in the rear take comfort to a new level. A key feature here is Rear Seat Entertainment Experience with BMW Theatre Screen. The Executive Lounge Seating behind the front passenger reclines to 42.5 degrees, offering a true first-class experience thanks to multifunction seats, massage function, active seat ventilation and rear console. My Modes can be used to turn every journey into an individual experience by combining sound, light, temperature, suspension settings and seat functions to create a particular mood. BMW ConnectedDrive technology breaks the innovation barrier and turns the car into an interconnected digital device. It includes BMW ID, MyBMW App, Digital Key Plus, Emergency Call, Real-time Traffic Information, Remote Services, smartphone parking and Amazon Fire TV. The spread of Driver Assistance Systems is more extensive than ever and includes Cruise Control, Attentiveness Assistant, Parking Assistant Professional with remote parking via smartphone and Reversing Assistant, Steering and Lane Control Assistant. Fifth generation BMW eDrive technology in the BMW i7 eDrive50 features a highly integrated drive unit. The car instantly accelerates from 0 to 100 km/hr in 5.5 seconds. It produces an output of 449 hp and a maximum torque of 650 Nm. The car has a range of up to 603 kms (WLTP). If you have any queries, please contact: BMW Group India Richa Sharma, Press and Corporate Affairs Cell: +91 99100 22148; Email: Rohneet Naik, Press and Corporate Affairs Cell: +91 98999 65668; Email: Internet: Facebook: Twitter: YouTube: #BMW #BMWIndia #SheerDrivingPleasure
Time of India
27-05-2025
- Automotive
- Time of India
BMW India introduces uniform pricing for electric i7 sedan across India
BMW India has announced a unique offer for its BMW i7 electric limousine, providing a uniform price across India by covering the registration costs. The offer is valid through all authorised BMW dealerships in India. This offer provides a uniform pricing structure regardless of the customer's registration location. BMW India will bear the registration cost for the i7, which will be administered by authorised dealerships. Vikram Pawah , President and CEO of BMW Group India , said "The introduction of a uniform price for the customers of BMW i7 will ensure price parity for our valuable customers regardless of which location they want to register their vehicle in. With this innovative offer, our focus is on customer centricity and encouraging the adoption of electric mobility with added benefits. As the vehicle of choice of leaders and luminaries with next-level style and substance, the i7 will continue to shape forwardism in every way.' The current ex-showroom price of the BMW i7 is ₹2,05,00,000. The offer is inclusive of registration charges and GST (including compensation cess) as applicable. It excludes Tax Collected at Source (TCS), other local tax cess levies, and insurance.
India Today
27-05-2025
- Automotive
- India Today
BMW introduces uniform pricing for i7 regardless of registration location
BMW India has introduced a unique offer on its flagship electric limousine, the BMW i7, for benefit of customers across the nation. The first-of-its-kind offer provides a uniform pricing for the BMW i7 regardless of the registration location. In the specially designed new pricing, the customers do not need to incur the registration cost for the BMW i7, as such cost will be borne by BMW India and administered by the authorized current ex-showroom price of the BMW i7 is Rs 2.05 crore."BMW India has always looked as electric mobility as a holistic concept. We are the pioneers and leaders in the luxury electric mobility space with a novel approach to electric products and services. The introduction of a uniform price for the customers of BMW i7 will ensure price parity for our valuable customers regardless of which location they want to register their vehicle in," said Vikram Pawah, President and CEO, BMW Group India. "With this innovative offer, our focus is on customer centricity and encouraging the adoption of electric mobility with added benefits. As the vehicle of choice of leaders and luminaries with next-level style and substance, the i7 will continue to shape forwardism in every way," he offer exclusively on the BMW i7 is valid through all authorised BMW dealerships in India. It is inclusive of registration charges and GST (including compensation cess) as applicable. It excludes Tax Collected at Source (TCS), other local tax cess levies and fifth-generation BMW eDrive technology in the BMW i7 eDrive50 features a highly integrated drive unit. The car instantly accelerates from 0 to 100 kmph in 5.5 seconds. It produces an output of 449 hp and a maximum torque of 650 Nm. The car has a range of up to 603 km (WLTP).Subscribe to Auto Today Magazine
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Business Standard
25-04-2025
- Business
- Business Standard
1% TCS on luxury goods: FAQs, items covered under it & what experts say
The Central Board of Direct Taxes (CBDT) has extended the applicability of Tax Collected at Source (TCS) to a wider set of luxury goods priced above Rs 10 lakh and issued a frequently asked questions (FAQ) on Thursday. The new rule, notified Tuesday, comes under the amended Section 206C(1F) of the Income Tax Act, 1961, and mandates a 1 per cent TCS on specified high-value items. Previously, this section applied only to motor vehicles exceeding Rs 10 lakh. Now, following the Finance (No 2) Act, 2024, the list of taxable luxury goods has expanded. What changes were brought in section 206C(1F) of the Income Tax Act, 1961 through Finance (No. 2) Act, 2024? Earlier, Section 206C(1F) provided for collection of tax at source (TCS) on sale of motor vehicle of value exceeding ten lakh rupees. Vide Finance (No. 2) Act, 2024, section 206C(1F) was amended to provide that TCS will also be levied on any other goods of value exceeding ten lakh rupees, as may be notified by the Central Government in the Official gazette Which are the luxury goods of value exceeding Rs 10 lakh on which TCS will be levied? Vide CBDT Notification No. 36/2025 dated April 22 SO 1825(E), the following goods of the value exceeding Rs 10,00,000 have been notified for collection of tax at source as specified in sub-section (1F) of section 206C of the Act - List of Specified Goods (Value exceeding Rs 10 lakh): 1. Any wristwatch 2. Any art piece, such as antiques, paintings, sculptures 3. Any collectibles such as coins, stamps 4. Any yacht, rowing boats, canoes, helicopters 5. Any pair of sunglasses 6. Any bag, such as a handbag, purse 7. Any pair of shoes 8. Any sportswear and equipment such as golf kit, ski-wear 9. Any home theatre system 10. Any horse for horse racing in race clubs and horse for polo When will the new provisions become effective? The new rules are effective from April 22, 2025. So what do the experts say? Ankit Jain, Partner, Ved Jain and Associates believes the move may be counterproductive. 'The introduction of 1 per cent TCS on luxury goods could be counterproductive. PAN details were already required for purchases above Rs 2 lakh. Adding TCS may discourage consumers and hurt GST collections from formal retailers, while benefiting grey market operators,' said Jain. He added, 'In my experience, similar TCS on motor vehicles hasn't proven effective in detecting tax evasion.' Meanwhile, Kunal Savani, partner, Cyril Amarchand Mangaldas, said, 'This marks a significant shift in tax policy aimed at enhancing transparency. Businesses must now update their systems for compliance, ensure proper record-keeping, and timely remittance of TCS. Non-compliance could lead to penalties, interest, and legal consequences under the Income-tax Act.' Alok Agrawal, Partner, Deloitte India said, 'On some of the notified items, 10-lakh is a high threshold and may not get triggered in a very large number of transactions/individuals. However, as the intention behind this move is to widen and deepen the tax net in view of increasing expenditure on luxury goods, this may initially trigger more queries to those HNIs who are purchasing these items and are not filing tax returns/or reporting high amounts of taxable income on their tax returns.
