The E36 M3 debuted in February, 1992 and hit the dealers' showrooms in November that year; it was the first M3 powered by a six-cylinder engine, displacing 2990 cc and developing 286 PS (282 hp/210 kW). Initially available as a coupé only, BMW introduced M3 convertible/cabriolet and saloon/sedan versions in 1994, the absence of any M5 models in the BMW line-up between the end of e34 M5 production in 1995 and the launch of the e39 M5 in 1998 prompting the introduction of the four door Motorsport model. The E36 is also the first M3 to be manufactured in right-hand drive.Also in 1994, BMW produced the limited-edition M3 GT as a racing homologation special; all GTs were British Racing Green and featured an upgraded 295 PS (291 hp/217 kW) 3.0 liter engine. 350 GTs were built.
In summer, 1995 M3 coupé and saloon were upgraded to a 321 PS (317 hp/236 kW) 3.2 liter inline-6; at the same time, the cars received clear indicator lenses, new wheels and a 6-speed gearbox. The Cabriolet did not receive these changes until spring 1996.