A modern F1 car costs around $15.9 million (over ₹143 crore), according to Red Bull. However, prices can reportedly range from $12 million (₹108 crore) to $20 million (₹180 crore), depending on the team and upgrades. The steering wheel costs about $50,000 (₹45 lakh), while a set of wings (front and rear) costs around $2,00,000 (₹1.8 crore), Red Bull added.