It is also the first BMW to have the company's new 8-speed gearbox.
Power output is now 544hp while 750Nm of torque is available from just 1500rpm.
The 760i can accelerate to 100 km/hr in 4.6 seconds and returns 12.9 L/100km.
With more than 20,000 units of the current 7 Series sold worldwide since it was launched in late 2008 the large saloon is the most successful of its line despite being introduced at the beginning of a global recession.
China and the US are the two biggest markets for the 7 Series, taking some 23 percent each of total production. Britain and Ireland together account for 3 percent.