Porsche, the German sportscar maker is looking at new markets in coutries like India and China. The company plans to increase its sales in India through Precision Cars India, the official Porsche importer.
The company plans to sell 50 units of its premium luxury sedan Panamera which will debut in the country in the first week of October ’09. The Panamera is the first four door sports car from Porsche which is front-engined with rear wheel drive. A four-wheel drive is also available. The car was unveiled at the Shanghai Motor Show 2009.
Porsche has only a limited presence in India with two dealerships, in Mumbai and Delhi respectively. The company plans to increase these to 11 over the next 2-3 years. Three more dealerships in Chennai, Hyderabad and Cochin will be opened in the near future. However, considering its low sales volumes, the company is not likely to set up assembly units in the near future, limiting its operations to CBU imports.
In India the Panamera’s top versions will come with a V8 power unit and will be luxurious. The car will have a price tag of Rs 1.4 crore to Rs 2 crore.