Ambani pays Rs 1.6 crore registration fees for new BMW

Reliance Industries Chief Mukesh Ambani, has paid a whooping Rs 1.6 crore for the registration of his imported 7-series BMW sedan with the Motor Vehicles Department in Mumbai. It is the the most costly registration till now.

“The car is a regular BMW 760i which costs Rs 1.9 crore on road. But as per Mr Ambani’s Z-category security requirement, it was armoured by BMW Germany. Since the import duty on armoured cars is 300%, the cost of the car ballooned to Rs. 8.5 crore, hence the high registration cost,” an RTO official said on the condition of anonymity.

The heavily advanced sedan has reportedly been specially designed in Germany. The car is totally bullet-proof with armour protection on the chassis and windows, keeping in mind the security threats for Mukesh Ambani.

India’s richest man Ambani, who owns the world’s most expensive residential property Antilla, has been provided with Z-category security because of threats received by mail.