Business Daily from THE HINDU group of publications
Wednesday, Nov 21, 2007
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Marketing - Strategy
Porsche plans 10 centres by 2010

Paul Noronha

The new Porsche Carrera GT is displayed at Porsche’s new showroom in south Mumbai on Tuesday. The Carrera GT, a technological and sporting icon of Porsche, will be on display for a few weeks before being flown back to Germany. —

Our Bureau

Mumbai, Nov 20 Expecting a 40 per cent growth in sales, the German luxury carmaker Porsche will open new centres in Chennai, Bangalore and Hyderabad in the next year.

“When we started three years ago people were sceptical about the future of the high-end car segment in India. Now we are the market leaders in sports-car segment and are poised to open additional Porsche centres,” said Mr Ashish Chordia, CEO, Porsche Cars India Pvt Ltd.

Porsche opened its first centre in Mumbai on Tuesday, which is its second in India. The first Porsche centre in the country opened in New Delhi two years ago. The current year sales forecast of the Porsche is 150 units.

Porsche, with a price range from Rs 55 lakh- Rs 1.4 crore, is now selling their Boxter, Cayman, Cayenne and 911 ranges in India. Panamera from the Porsche stable will be launched in late 2009.

Booming sales

Porsche India has plans to open a centre in North Mumbai by 2009. The sales are booming across the region, according to Mr Mohamed Rehman, After Sales Director of Porsche Middle-East and Africa, which covers 16 countries including India. “Eight years ago our annual sales figure was 400. Last year we sold 5,300 cars in the region. There will be not less than 10 Porsche centres in India by 2010,” Mr Rehman said.

Mr Chorida, CEO of Precision Cars India Pvt Ltd, the importer of Porsche in India and its dealer Shreyans Motors Pvt Ltd is in the process of selecting dealers in Chennai, Hyderabad and Bangalore. “We want to make a foray into south India where there are many takers for sports cars. We get many orders from south Indian cities,” said a marketing official of the company.

More Stories on : Outlook | Strategy | Cars

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Reliance re-enters Cauvery asset


Usher Agro
LIBA invites nominations
Award for NFC chief
Strides Arcolab forays into anti-cancer product segment
Dewan Housing to pick up 19.9% in Wadhawan Food
SISCOL sees surge in share volume ahead of merger
Ventura Textiles charts out Rs 92-cr expansion plan
Chemplast secures raw material supplies
Toyota Kirloskar unveils used car unit
Olympia plans residential project in Chennai
Mir group launches homestay network
Maytas, NCC will develop Gulbarga, Shimoga airports
Anzera plans IT shopping mall in Kochi
Dabur to set up unit in Nigeria
Bhagyanagar, IL&FS partner for new venture
RIL signs deal for Yemen blocks
Raytheon, L&T tie up for combat aircraft programme
GTL Infra signs pact with IDFC Project
Strides deal: To result in cash infusion
Confident Group to launch chartered airlines biz soon
GM to launch Chevrolet Captiva in January
‘RIL plans to cut LPG output’
Porsche plans 10 centres by 2010
Kapil Garg is BG’s MD


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line