BMW Asia will position the new X1 as the cheapest car from its portfolio when it launches the smallest SUV by end of this year. The base variant is expected to cost around Rs. 24 lakhs (little cheaper than the BMW 320d corporate) and will feature a 2.0 liter diesel powerplant driving the rear wheels. Higher variants will have more power along with 4 wheel drive. Based on the 3 series, the X1 is being brought in as a CKD and will be assembled at the BMW’s Chennai facility.