During the course of bigwig automaker BMW's annual shareholders meeting in Munich on Thursday, CEO Harald Krueger revealed that the company is readying its iNext electric, self-driving flagship car.

According to the details shared by Krueger, the iNext electric, self-driving car is scheduled to hit showrooms in the year 2021.

The imminent availability of the BMW iNext in 2021 will mark a new addition to the luxury car manufacturer's 'i' sub-brand, which presently includes the company's i3 electric vehicle and i8 plug-in hybrid.

Krueger has revealed that the iNext electric, self-driving car will boast a new interior, along with an avant-garde electric powertrain. The car will essentially be one of the key focus areas in BMW's attempts to retain its dominance in the luxury-car arena, especially against challengers like Tesla Motors.

To highlight the significance of iNext electric, self-driving car for BMW, Kueger said in his prepared comments at shareholders meeting that iNext will be BMW's "new innovation driver, with autonomous driving, digital connectivity, intelligent lightweight design, a totally new interior and ultimately bringing the next generation of electro-mobility to the road."