German car-maker BMW today launched its M5 luxury sedan in the Indian market at an ex-showroom price of Rs 95.9 lakh.
The new model can be now ordered as a completely built-up unit (CBU) across more than 20 dealerships in the country.
"The new BMW M5 is a high-performance athlete in a business suit. The fifth generation of the high-performance sedan is now available in India from today," BMW Group India President Andreas Schaaf told reporters here.
The BMW M5 comes with a 4.4-litre V8 engine with M Twin Power Turbo technology, producing a maximum output of 560 HP.
The company also unveiled its concept car -- the BMW Vision ConnectedDrive -- at the 11th Auto Expo here.
"The concept symbolises an advanced level of intelligent networking in the automobile world, which sets new benchmarks in convenience, infotainment and safety," Schaaf said.
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On dealerships, the company said it is aggressively expanding its network in the country.
"We have 24 dealers now and in the next one-and-a-half years, we will take it to 40," he added.
Schaaf said, "Though there are concerns [about economy], we are confident 2012 will be a good year for us."