Business Daily from THE HINDU group of publications
Wednesday, Nov 19, 2008
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Porsche upbeat on India, to launch Panamera in 2009

Plans to set up new dealerships in 4 cities.



Porsche’s cars on display at Aamby Valley in Maharashtra on Tuesday.

S.Muralidhar

Aamby Valley, Nov. 18 German super sports car manufacturer Porsche AG is upbeat on the Indian market and hopes to launch its four-door super sedan Panamera by late 2009.

The Porsche Panamera is currently in design and development stage, and will be the first four-door, four-seat sedan to go into production from Porsche.

Speaking to Business Line here at the Porsche World Roadshow, Mr Rod Wallace, Managing Director of Porsche India, said Panamera will be the right car for India, where potential buyers will like its unique combination of sports car performance and the comforts of a four-door sedan.

He mentioned that Porsche is extremely excited with the idea of launching the Panamera in India and believes it has good prospects here. Currently, the best selling vehicle in India from the Porsche stable is the Cayenne, its super luxury crossover sports utility. The Panamera is likely to be launched in India simultaneously with its global debut late next year.

Expanding footprint

Mr Wallace said in the run up to new launches, Porsche India is working to consolidate its position in the Indian market and to that end is currently looking to expand its footprint by setting up new dealerships in at least four more cities within the next two quarters. The cities will include Chennai, Ludhiana, Bangalore and Hyderabad.

Currently, the company has two dealerships one each in Delhi and Mumbai. Porsche India’s dealership expansion roadmap is expected to reach a total of 10 dealerships in the next two years. The German major is also expected to foray into the pre-owned cars space by next year.

Porsche India had organised its famous World Roadshow for two weeks. The show is said to have attracted around 300 customers who have experienced new Porsche technologies that have been built into the 2009 models.

With professional instructors from Germany, participants got to experience these new models, including the new generation of the legendary 911, now being offered with technologies such as direct fuel injection engines and double-clutch gearbox.

More Stories on : Outlook | Cars

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




Stories in this Section
Tata Steel down as Corus extends production cut


News of shutdowns, output cuts sends stocks crashing
L&T bags Rs 700-cr order for hydrogen generation units
Temporary closure
KSH group sets up ICD at Talegaon
ONGC Videsh wins 2 blocks in Colombia
Settlement for VRS at Dunlop Ambattur unit
Adani group signs pact to develop auto hub at Mundra port
Dhamra port keen on creating handling facilities on Talcher-Dhamra waterway
Porsche upbeat on India, to launch Panamera in 2009
Hyundai to consider output cut despite 28% growth
Weak demand leading to project deferments: DLF




eWorld



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 © 2008, 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