German luxury car maker BMW on Thursday launched the new variants of its flagship brand BMW 7 Series in a price range of Rs 92.9 lakh - Rs 1.73 crore (Rs 9.29 million - Rs 17.3 million).

The latest models will be available in diesel and petrol variants at all BMW dealers across India and deliveries will start from May 1, the company said in a statement.

The BMW 730Ld will be produced at the company's plant in Chennai

in a diesel variant. The other variants BMW 740Li, BMW 750Li and BMW 760Li will be imported as CBU (completely built-up units) in petrol variants, it said.

"For seven decades, the flagship from BMW has stunned the world through highest level of style and contemporary luxury with maximum driving dynamics. It represents the best we have to offer.

"The new BMW 7 Series makes a compelling individual statement convincing you not only with its high-quality, exclusive character, but also with its functionality," BMW Group President Philipp von Sahr said.