Just like two years ago, newly crowned and now two-time DTM Drivers champion Marco Wittman is set to be honored with a new, limited edition BMW M4 DTM Champion Edition. The special edition car is set to celebrate Wittman winning the 2016 drivers title in the Deutsche Tourenwagen Masters racing series for BMW Team RMG.

The new special edition M4 DTM Champion Edition shares some similarities with its predecessor two years ago. Both were created in limited quantities and both were dressed to the nines with unique liveries and special badges to commemorate the BMW Motorsport Works race driver’s accomplishments.

Based largely on the BMW M4 GTS, the new M4 DTM Champion Edition comes with a bevy of modifications, both in the exterior and interior. One highlight, in particular, is the introduction of a new water injection system that Bosch developed for the M4 GTS last year, helping the special edition M4 DTM produce an output of 500 horsepower and 442 pound-feet of torque and hit an electronically limited top speed of 189.5 mph to go with a sprint to 62 mph in just 3.8 seconds.

Only 200 units of the M4 DTM Champion Edition will be sold to the public, but the good news is that the German automaker plans to offer the special edition sports car globally. No word yet on which markets will get how many of the 200 units, but it does give those who missed out on the M4 GTS an new opportunity to get a more exclusive version at a price of €148,500, which converts to about $163,275.

Continue after the jump to read more about the 2016 BMW M4 DTM Champion Edition.

What makes the BMW M4 DTM Champion Edition special?

On the cosmetic side, the 2016 version of the M4 DTM Champion Edition has a more subdued color scheme. The same Alpine White paint finish acts as the car’s dominant color, but unlike its predecessor with the rainbow and black hood and trunk and the thick black body stripes, the new model opts for a more subtle approach.The hood is bare and instead of the rainbow and black stripes, BMW opted to the iconic red, blue, and purple racing stripes that have come to define BMW’s M division throughout its long and illustrious history.

The new M4 DTM Champion Edition also comes with a bevy of aerodynamic components, all of which were created from carbon fiber. The coupe’s front splitter gets this treatment, as does the side skirts, side mirror caps, and the aero flicks located just in front of the front wheel arches. At the back, the unmistakably large rear wing also gets the full carbon fiber treatment. Rounding out the exterior upgrades to the M4 DTM Champion Edition is a new set of 19- and 20-inch light alloy wheels that BMW designed with star spokes and dressed exclusively in an Orbit Grey matte finish.

The interior of the new special edition M4 is also vastly different from the 2014 version. The big difference is BMW’s decision to base the cabin on the M4 GTS instead of the standard M4. That means that the new limited run M4 has a two-seater interior with the rear seats being removed in favor of a white rollover bar. The luxury amenities in the 2014 model are noticeably absent in the 2016 version, but the latter still features M Carbon bucket seats that have been dressed in Leather Merino and Alcantara. The standard steering wheel has also been replaced with an M Sports wheel that features a grey “12 o’clock” marker. In addition to all of these new digs, the car is still equipped with air conditioning, navigation, and automatically-dimming mirrors.

To address the car’s enhanced M4 GTS-like power, BMW also gave the M4 DTM Champion Edition an individually-adjustable, three-way coilover suspension and M carbon-ceramic brakes.

The result is a lighter, faster, and more powerful version of the M4 GTS, a proposition that should help the limited edition sports car sell out in no time.

Read our full preview on the upcoming facelift for the BMW M4 here.