Average Cost of Buying & Owning a Yacht in India (with 4 examples)
The number of yacht owners has significantly increased in recent years, particularly in the coastal cities of Mumbai and Goa. This is due to the growing popularity of yachting as a recreational activity among the affluent class in India, as well as the increasing availability of high-quality yachts and yacht services in the country. Yacht prices remain competitive and depend on factors such as the yacht's brand, age, and condition.
The average cost of new yachts is around 2–3 crores (₹20–30 million or $270,000–$405,000) for smaller yachts and can go as high as 1,000 million INR ($135 million) for larger yachts. Ownership costs involve annual maintenance expenses ranging from Rs. 1 lakh to Rs. 5 lakh ($740 to $3,700) per year.
The total annual cost of owning a yacht, inclusive of maintenance, can range from ₹2 lakh to ₹5 lakh or more, depending on the size and type of yacht you choose. Below, you'll see a breakdown of this cost.
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- Operating costs for yachts, including fuel, crew, and other expenses, could be around 10% to 20% of the yacht's value each year.
- Expect to pay around 1% to 2% of the yacht's value annually for insurance coverage.
- Consult with maritime law experts and tax professionals about the legal clearances and tax considerations involved in purchasing a yacht in India.
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Cost of buying a yacht in india, cost of owning a yacht in india, four examples of yachts and their costs in india.
A yacht is a larger boat primarily used for recreational or leisure purposes. Owning a yacht in India allows you to explore the country's vast and beautiful coastline at your leisure. As a yacht owner, you have the freedom and flexibility to plan your own trips and vacations, creating memories with your friends and family.
Buying Yachts in India | Cost of New | Cost of Used |
---|---|---|
Sailing yachts | ₹50 lakh to ₹3 crore (5 to 30 million rupees) | ₹10 lakh to ₹50 lakh (1 to 5 million rupees) |
Motor yachts | ₹1 crore to ₹50 crore (10 million to 500 million rupees) | ₹50 lakh to ₹10 crore (5 million to 100 million rupees) |
Catamarans | ₹1 crore to ₹20 crore (10 million to 200 million rupees) | ₹50 lakh to ₹5 crore (5 million to 50 million rupees) |
Superyachts | ₹300 crore to ₹1,500 crore (3 billion to 15 billion rupees) | ₹50 crore to ₹300 crore (500 million to 3 billion rupees) |
Imported yachts | ₹1 crore to ₹500 crore (10 million to 5 billion rupees) | ₹50 lakh to ₹50 crore (5 million to 500 million rupees) |
Custom-built yachts | ₹5 crore to ₹500 crore (50 million to 5 billion rupees) | ₹1 crore to ₹50 crore (10 million to 500 million rupees) |
Here's a table of the costs in USD:
Yachts in India | Cost of New Yachts | Cost of Used Yachts | Costs of Owning a Yacht per Year |
---|---|---|---|
Sailing yachts | $65,000 to $405,000 | $13,000 to $65,000 | $15,600 to $71,500 |
Motor yachts | $130,000 to $6,500,000 | $65,000 to $1,300,000 | $100,100 to $481,000 |
Catamarans | $130,000 to $2,600,000 | $65,000 to $650,000 | $15,600 to $71,500 |
Superyachts | $39,000,000 to $195,000,000 | $6,500,000 to $39,000,000 | $1,768,000 to $8,515,000 |
Imported yachts | $130,000 to $65,000,000 | $65,000 to $6,500,000 | $422,500 to $1,716,000 |
Custom-built yachts | $650,000 to $65,000,000 | $130,000 to $6,500,000 | $1,768,000 to $8,515,000 |
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Sailing yachts : These are powered by sails and offer a more traditional sailing experience. They can be a more eco-friendly option due to their lower fuel consumption, but they may require more skill and knowledge to operate.
Motor yachts : These are powered by engines, making them faster and more straightforward to navigate than sailing yachts. Motor yachts are typically larger and more luxurious, providing various amenities and comfort options for you and your guests.
Catamarans : Catamarans have two parallel hulls, offering more stability and space than other yachts. Due to their design, catamarans provide a smoother ride and are ideal for those who want more space or are prone to seasickness.
Superyachts : These are the epitome of luxury yachting , typically longer than 80 feet and featuring multiple decks, spacious cabins, and state-of-the-art technology. Superyachts are ideal for the wealthiest yacht owners, as they come with a hefty price tag and high maintenance costs.
In this section, we'll explore the operating costs for yachts, including maintenance, docking fees, insurance, fuel, and crew expenses. As a general rule, these could be around 10% to 20% of the yacht's value each year. This percentage can give you a rough idea of ongoing expenses, but keep in mind that every yacht and situation is unique, and actual costs may vary.
Owning a Yacht in India | Sailing Yachts | Motor Yachts | Catamarans | Superyachts | Imported Yachts | Custom-Built Yachts |
---|---|---|---|---|---|---|
Maintenance per year | ₹2 lakh to ₹10 lakh | ₹5 lakh to ₹20 lakh | ₹2 lakh to ₹10 lakh | ₹50 lakh to ₹3 crore | ₹10 lakh to ₹50 lakh | ₹50 lakh to ₹3 crore |
Docking fees per year | ₹2 lakh to ₹10 lakh | ₹5 lakh to ₹20 lakh | ₹2 lakh to ₹10 lakh | ₹50 lakh to ₹3 crore | ₹10 lakh to ₹50 lakh | ₹50 lakh to ₹3 crore |
Insurance per year | ₹1 lakh to ₹5 lakh | ₹2 lakh to ₹10 lakh | ₹1 lakh to ₹5 lakh | ₹20 lakh to ₹1 crore | ₹5 lakh to ₹20 lakh | ₹20 lakh to ₹1 crore |
Fuel per year | ₹2 lakh to ₹10 lakh | ₹10 lakh to ₹50 lakh | ₹2 lakh to ₹10 lakh | ₹1 crore to ₹5 crore | ₹50 lakh to ₹2 crore | ₹1 crore to ₹5 crore |
Crew expenses per year | ₹5 lakh to ₹20 lakh | ₹10 lakh to ₹50 lakh | ₹5 lakh to ₹20 lakh | ₹3 crore to ₹10 crore | ₹50 lakh to ₹2 crore | ₹3 crore to ₹10 crore |
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Regular maintenance : The cost of maintenance depends on the size and type of your yacht. The cost can increase over time, especially as your yacht gets older and requires more extensive repairs. Maintenance costs generally include cleaning and painting, engine and mechanical work, electric and electronic system repairs, and plumbing and sewage system maintenance.
Docking fees : These fees can vary based on the location, amenities, and services provided by the marina. To get a better understanding of docking fees for your yacht, research marinas near your desired location and request quotes for docking services. Don't forget to account for any offseason hauling and storage fees if your yacht needs to be taken out of the water during the winter months or while you're not using it.
Insurance costs : Yacht insurance is vital to protecting your investment from various risks, such as accidents, theft, or natural disasters. Insurance premiums are usually determined by factors like the yacht's value, size, age, and intended usage. As a rough estimate, you can expect to pay around 1% to 2% of the yacht's value annually for insurance coverage. However, this percentage could vary based on your specific yacht and insurance provider.
Fuel and crew expenses : Depending on your yacht's size, you might need to hire a professional crew to manage and maintain it. Crew salaries depend on their roles and experience, which can significantly affect your annual yacht expenses. In addition, fuel costs will vary according to the size of your yacht's engine and the distance traveled.
To get a taste of sailing before you buy a yacht, you can make a private reservation. Here's the average price to book a private yacht in Mumbai .
Yachts in India | Estimated Cost |
---|---|
Small sailing yacht (less than 50 feet) | ₹2 crore to ₹3 crore (20 to 30 million rupees) |
Mid-size luxury yacht (50 to 60 feet) | ₹5 crore to ₹30 crore (50 to 300 million rupees) |
Large motor yacht (over 70 feet) | exceed ₹70 crore (700 million rupees) |
Mega yacht (over 100 feet long) | several hundred crores (billions of rupees) |
When looking for a yacht, it's essential to take into account the size, features, and costs. Here are four examples of yachts available in India , showcasing a range of sizes and costs.
Small sailing yacht : Perfect for a leisurely sailing experience, a small sailing yacht can cost around ₹2 crore to ₹3 crore (20 to 30 million rupees) depending on its age and condition. These boats are generally less than 50 feet in length and can accommodate up to six people. With lower maintenance costs and fuel consumption, it's an excellent option for beginners and weekend sailors. Here is an example of an average price for a small sailing yacht .
Mid-size luxury yacht : As you move up in size and amenities, a mid-size luxury yacht of around 50 to 60 feet in length can cost anywhere from ₹5 crore to ₹30 crore (50 to 300 million rupees). These vessels are built for comfort and offer improved accommodations, entertainment areas, and more advanced navigation systems.
Large motor yacht : As the size continues to increase, large motor yachts measuring over 70 feet in length can easily exceed ₹70 crore (700 million rupees). These yachts are more luxurious, come with state-of-the-art technology, and can accommodate more guests. With more power, they are perfect for long-range cruising and hosting exclusive events.
Mega yacht : For the ultimate yachting experience, mega yachts are considered the pinnacle of luxury and status. Over 100 feet long, the price tag can reach several hundred crores, based on the level of customization you desire. Mega yachts, as their size suggests, are equipped with advanced technology, luxurious amenities, and plenty of space for entertaining.
New yachts in India
You can expect to spend anywhere from 2 to 30 crores (20 to 300 million rupees) for a new yacht, depending on the size and features of the yacht. Smaller yachts will typically be on the lower end of this range, while larger yachts will be more expensive. Some factors to consider when purchasing a new yacht include the brand, build quality, and additional features.
Used yachts can be more affordable than new ones
These are more affordable, especially if you're willing to compromise on certain features or the age of the yacht. In general, you can expect to spend around 60–70% of the original price on a used yacht. Keep in mind that the condition and maintenance history will play a significant role in determining the price of a used yacht, and it's crucial to carefully inspect any used yacht before making a purchase.
Imported yachts to India
The cost of an imported yacht will depend on factors such as the country of origin, size, and specifications of the yacht. Additionally, you may face additional costs like import duties, taxes, and shipping expenses. It's essential to familiarize yourself with the legal requirements and tax implications of importing a yacht to India before making a decision.
Custom-built yachts for a unique experience
These personalized yachts offer the opportunity to design and create your dream yacht. The cost of a custom-built yacht can vary widely, depending on factors such as the size of the yacht, the materials used, and the complexity of the design. While custom-built yachts can be expensive, they offer unparalleled personalization and luxury for those willing to invest.
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Indian Yacht
At first glance, India appears to be a third-world country. This is not at all the case, in that India is rich in natural resources, coupled with a technologically developed industry base and immense territories. It is quite possible that it will become a superpower in the nearest future, overthrowing China from its throne. The India of today is home to numerous factories, plants, companies, cities with millions of people, and is located on the coast of the Indian Ocean. It is a comfortable and well-developed tourist region, presenting endless opportunities for not only the common traveler, but also for the Indian Yacht voyager, as well.
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India is home to one of the largest players in the Indian yachting industry, ABG Shipyard, and sales and chartering are mature industries in this region. Chartering is extremely popular, and the market is saturated with domestic and imported Indian yachts and boats. Business is booming, with many new Indian yachts awaiting their owners at local marinas and docks. While many are fabricated in China, and there is also a large selection of pre-owned by all of the famous foreign manufacturers. Quite simply, India welcomes you with one of the widest selection of Indian yachts in the industry. As in other countries of southern Asia, there is a vast presence of motor boats. The advantages that this type of boat offers have long been appreciated in China, Indonesia and India itself; however, there is also a wide variety of sailboats, too. Sailing Indian yachts have traditionally been used by the Hindus and Europeans alike. It should also be known that sailboats made up the largest part of the naval fleet in India before the 1950's.
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There are also Indian Yacht regattas, boat shows and exhibitions held in this region. As one of the industry giants, India has been attracting foreign investors from all over the world, many who have actually built their own shipyards here, a process not only beneficial to India's industrialization, but for the entire Indian Yacht market, as well. You can buy an Indian Yacht for a relatively low price, but that is not the only advantage of the local market - come and find out for yourself!
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Classic Benetti motor yacht India listed for sale
The 35.4 metre Benetti motor yacht India has been listed for sale by Nicolas Valin Equinoxe Yachts International .
Constructed with a steel hull and aluminium superstructure by Italian yard Benetti, the yacht was originally delivered in 1982 and has benefitted from several refits – most recently in 2019. Designed in-house, the yacht boasts accommodation for up to 10 guests in four cabins comprising a master suite, one double room and two twin cabins with Pullman berths.
Highlights on this yacht for sale include a spacious main saloon with ample soft furnishings and an elegant dining table for up to 10 guests alongside a fully-equipped galley. India ’s interiors are characterised by an abundance of windows providing plentiful natural light.
The yacht’s vast deck space is perfect for hosting large cocktail parties, particularly up on the flybridge. Aft of the cockpit is tender storage, while forward guests can find sunpads overlooking the ocean. Even more socialising opportunity can be found on the foredeck, while al fresco dining is offered on the main deck aft.
Powered by twin Caterpillar diesel engines, India has a top speed of 14 knots, a cruising speed of 12 knots and a range of 3,000 nautical miles.
India is asking €1,900,000.
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How Much Does a Fishing Boat Cost in India? (Price Breakdown)
For those looking to buy a fishing boat in India, there are a few key factors to consider.
From the types of boats available to the price breakdown, its essential to understand the details to find the right boat for your needs.
In this article, well break down the cost of fishing boats in India, and the factors that affect the price.
Well also provide tips for finding the best price and discuss the pros and cons of buying used boats.
Lastly, well go over some additional factors to consider when shopping for a fishing boat.
Lets dive in and learn how you can find the perfect boat for your needs.
Table of Contents
Short Answer
The cost of a fishing boat in India will depend on the size, type, and features of the boat.
Generally, small fishing boats can start from as low as Rs.
2 lakhs while larger boats can cost anywhere from Rs.
5 lakhs to Rs.
Additionally, the cost of a fishing boat can also be affected by its age, condition, and brand.
Types of Fishing Boats in India
When it comes to fishing boats in India, there are a variety of types and sizes available to choose from.
The type of boat you choose will depend largely on the type of fishing you plan on doing.
From small dinghies to large trawlers, there are a variety of fishing boats available to suit any budget.
Inflatable boats are a popular choice for those just starting out in fishing, as they are lightweight, easy to maneuver and relatively inexpensive.
They are also ideal for those who may need to transport their boat to a different location, as they can be deflated and stored in a car or RV.
Kayaks are another great option for those looking for a more affordable and lightweight fishing boat.
Kayaks are easy to maneuver and are an excellent choice for fishing rivers, lakes and other smaller bodies of water.
They are also very versatile and can be used for a variety of activities, such as camping or sightseeing.
For those who want a larger and more powerful fishing boat, pontoon boats are a great option.
They are roomy and stable, making them ideal for fishing on large lakes and rivers.
Pontoons also come with a wide range of accessories and features, such as fishing rod holders, livewells, and more.
For those looking for a more luxurious fishing experience, cabin cruisers are a great option.
Cabin cruisers are larger, more powerful vessels that are equipped with cabins, kitchens and bathrooms.
These boats are ideal for fishing trips that last several days or longer, as they provide plenty of space and comfort.
Finally, trawlers are the most expensive and powerful fishing boats available.
These vessels are designed for deep sea fishing, and often come equipped with sonar, radar, and other advanced navigation systems.
Trawlers are an excellent choice for experienced fishermen who are looking for a boat that can handle the roughest of waters.
No matter what type of fishing boat you are looking for, there is sure to be an option that fits your needs and budget.
Researching different options and shopping around can help to find the best deal.
Price Range for Fishing Boats
Fishing boats in India come in a wide variety of sizes and types, ranging from small dinghies to large ships.
Prices for these boats vary greatly, depending on their size and features.
Smaller boats, such as dinghies and canoes, can be purchased for as little as a few thousand rupees, while larger boats can cost up to 20 lakhs or more.
For those looking to buy a fishing boat in India, the price range can be vast.
Boats can range from a few thousand rupees for smaller inflatable dinghies to several lakhs for larger, more complex boats.
For example, a small dinghy may cost anywhere from 4,000 to 10,000 rupees, while a larger, more sophisticated boat may cost upwards of 20 lakhs or more.
The cost of a fishing boat also depends on the quality and features of the boat.
Boats with more advanced designs and features, such as motors, will be more expensive than those with basic designs.
Additionally, additional equipment and accessories such as fishing gear, navigation systems, and customizations can increase the cost of the boat significantly.
When shopping for a fishing boat in India, it is important to research the different options available and shop around to find the best deal.
Doing so can help to ensure that you get the best boat for your needs at the best possible price.
Factors that Affect Fishing Boat Price
When it comes to the cost of a fishing boat in India, there are several factors that can affect the price.
The size and type of boat will have a major impact on the cost, as smaller boats tend to be less expensive than larger ones.
Additionally, the quality of the boat and its features will also influence the price.
The cost of the boat can also be affected by any additional equipment, accessories, and customizations that are made to the vessel.
For example, a fishing boat with a larger engine, more sophisticated navigation system, or improved soundproofing may cost more than a standard model.
Additionally, depending on the type of fishing you plan to do, you may need specialized equipment such as fishing rods, reels, and tackle, which can add to the overall cost of the boat.
Lastly, researching different options and shopping around can help to find the best deal.
Comparing prices from various vendors and taking advantage of discounts and promotions can help to lower the cost of the boat.
Price Breakdown for Different Boats
The cost of a fishing boat in India can vary depending on the size, type, and features of the boat.
A small fishing boat can cost as little as a few thousand rupees, while larger boats can cost as much as 20 lakhs or more.
In order to get an accurate estimate of the cost of a fishing boat, it is important to consider the different types and sizes of boats available in India.
Smaller boats, such as dinghies and canoes, can cost anywhere from a few thousand rupees to a few lakhs.
These are ideal for day trips, as they are lightweight and easy to transport.
On the other hand, larger boats, such as motorboats and sailboats, can cost several lakhs or more.
These are better suited for extended trips, as they are more powerful and provide more space and amenities.
The cost of a fishing boat also depends on the features and accessories it offers.
For example, a boat with a motor will cost more than one without.
Other features such as seating, storage, and navigation equipment can also add to the overall cost of the boat.
In addition, customizations such as paint jobs, specialty electronics, and other modifications can significantly increase the cost of the boat.
The best way to find the best deal on a fishing boat is to research different options and shop around.
Comparing prices from different sources can help to find the best deal.
Additionally, talking to experienced fishermen can provide valuable insight into the different types of boats available and the best deals to be had.
By doing this, it is possible to find the perfect fishing boat for your needs without breaking the bank.
Tips for Finding the Best Price
When it comes to finding the best price for a fishing boat in India, there are a few tips to keep in mind.
First, it’s important to do your research and compare prices from different vendors.
This will help you to find the best deal and ensure that you’re getting the most value for your money.
Additionally, it’s also important to look into additional costs such as accessories, equipment, and customizations, as these can add to the overall cost of the boat.
Another tip is to take your time and shop around.
While it might be tempting to purchase the first boat you find, it’s always a good idea to compare different options and prices before making a decision.
Additionally, it’s also a good idea to ask around to get recommendations from experienced boat owners, as they can provide valuable insight into which boats are the most reliable and cost-effective.
Finally, it’s always a good idea to negotiate with the seller.
Many vendors are open to negotiation and can offer discounts or other incentives to help bring the price down.
Additionally, some vendors may be willing to include additional accessories or equipment at no extra cost.
By following these tips, you should be able to find the best deal on a fishing boat in India.
Remember to do your research, shop around, and negotiate with the seller to get the best price possible.
Pros and Cons of Buying Used Fishing Boats
One of the most important factors to consider when looking at the cost of a fishing boat in India is whether to buy new or used.
Buying a used boat can provide a significant cost savings, but there are a few pros and cons to consider.
On the plus side, used fishing boats are often much less expensive than new ones.
This is especially true for small boats, which can be purchased for a fraction of the cost of a new boat.
Used boats also tend to have fewer features, so they can be much simpler to operate.
However, used boats can come with some hidden costs.
They tend to require more maintenance and repairs, so they may not be as reliable as new boats.
Additionally, they may not have the same performance and safety features as a new boat.
It is also important to make sure that the used boat is in good condition and has all the necessary safety equipment.
Finally, it is important to remember that used boats are often not eligible for warranties or other types of protection.
This means that any repairs or maintenance must be done at the owner’s expense.
Ultimately, the decision of whether to buy a used or new fishing boat depends on the individual’s budget and preferences.
Additional Factors to Consider
When considering the cost of a fishing boat in India, it is important to factor in other costs beyond the initial purchase price.
Aftermarket accessories and equipment can add up quickly, so it is important to factor these costs into the overall budget.
This can include items such as fishing rods, tackle boxes, fishing nets, life jackets, navigational equipment, and other safety supplies.
Additionally, it is important to consider the cost of fuel, maintenance, and insurance.
Fuel costs will depend on the size of the boat and how often it is used.
Maintenance costs can vary depending on the boat, but can include items such as outboard motor repair, hull repair, and other repairs.
Insurance will typically cost around 2-3% of the boat’s value.
Finally, it can be beneficial to invest in additional training or classes to ensure that the boat is operated safely and efficiently.
Final Thoughts
When it comes to buying a fishing boat in India, there are many factors to consider.
From price range to type of boat and additional features, it can be difficult to decide what to get.
But with the right knowledge and research, it’s possible to find the perfect fishing boat at the best price.
Whether you’re looking to buy a new or used boat, be sure to weigh all the pros and cons, and shop around to find the best deal.
Good luck!.
James Frami
At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.
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When you opt for a pre-owned yacht it is advisable to know more about the various boat brands as well as their duration in business, quality plus their market share. It is better to gain knowledge of the various engines, whether it is inboard/outboard and straight inboard or simply outboard along with the individual drive units. If there is a particular drive or engine which might create issues in the long run it is a good idea to steer clear of it. Boat Prices in India start from Rs.20 lakhs/- onwards up to Luxurious Superyachts for Rs.100crore+. However keep in mind that acquiring a new vessel can be an expensive proposition.
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If you can find a boat which is only 2-5 years old and is in good condition, it is probably akin to a new cruiser and can be acquired at a much better price. Know more about the different types of Used Yachts for Sale in Mumbai; you can select the one which is apt as per your requirements. Lots of things must necessarily be taken into consideration when you are searching for a pre-owned boat.
Ensure that the vessel in question is well-maintained and is mechanically sound. Specialized opinion on the vessel’s engine, compression check and subsequent hook-up to a diagnostic computer for optimum results are the key requirements prior to purchasing a pre-owned vessel. West Coast Marine can take care of all of these requirements and makes sure you get the best boat in town.
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BMW XM Label Arrives In India But There Is A BIG Catch! Check Price, Specs and Features
The design of the bmw xm label impresses with its muscular proportions and the extroverted styling typical of sports activity vehicles from bmw..
The first BMW XM Label has arrived in India and while this news may leave auto enthusiasts excited, but there is a big catch! It could be disappointing to potential buyers in India that the car is limited edition with only 500 units produced and only one has been allotted to India at a price tag of Rs 3.15 crore. So, only one lucky buyer in the country will get the opportunity to own this high-performance plug-in hybrid. The XM Label comes as a completely built unit (CBU).
Vikram Pawah, President and CEO, BMW Group India said, “The first-ever BMW XM Label maximises the exclusivity factor with even more expressive styling. It brings together the M HYBRID system with extra power and bespoke design elements that showcase its standout performance attributes to unmistakable effect.”
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The first BMW XM Label has arrived in India and while this news may leave auto enthusiasts excited, but there is a big catch! It could be disappointing to potential buyers in India that the car is limited edition with only 500 units produced and only one has been allotted to India at a price tag of Rs 3.15 crore.