British design house Mulgari has unveiled the limited-edition Icon03, a restyled and retuned version of the BMW M240i coupé.
Rebuilt, painted and trimmed at the company’s Berkshire headquarters, the Icon03 features a range of weight-saving and performance-enhancing modifications aimed at preserving what Mulgari calls “the pedigree” of BMW’s M cars.
Just 25 examples will be built, powered by BMW’s turbocharged 3.0-litre B58 engine in a state of tune that produces 435lb ft and less than 500bhp.
The company states that “outright performance of the engine hasn’t been a focus”, prioritising instead a balance of usability and engagement.
Underneath, Mulgari has carried out as-yet-unspecified modifications to the steering and suspension components, although a company spokesman said the M240i was chosen for its acclaimed chassis.
Styling tweaks include wider arches to accommodate larger tyres, an E46 M3 CSL-aping carbonfibre roof, DTM-inspired aerodynamic-enhancing winglets and a prominent front splitter.
Inside, the Icon03 receives Recaro performance seats, a flat-bottomed steering wheel, carbonfibre shift paddles and bright yellow trim pieces.
