MUMBAI: Mukesh Ambani's Reliance Industries (RIL) has registered a 7-series BMW with the Motor Vehicles Department in Mumbai for Rs. 1.6 crore.
The BMW is totally bullet-proof with armour protection on the chassis and windows because of security concerns for Mr Ambani.
Sources told NDTV, "The car is a regular BMW 760i which costs 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."
The armoured car has reportedly been specially manufactured in Germany.