Online edition of India's National Newspaper
Thursday, Apr 12, 2007
ePaper
Online edition of India's National Newspaper Thursday, Apr 12, 2007 ePaper |
|
|
|
|
|
|
| Business |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Jobs | Obituary |
Business
Special Correspondent
FOR THE UPMARKET: Mohamed Rahman (left), After Sales Manager of Porsche, Middle East and Africa, with Ashish Chordia, Chief Executive Officer of Porsche Cars India Pvt. Ltd., at the launch of "Cayenne'' SUV in New Delhi on Wednesday.
NEW DELHI: German sports car major Porsche on Wednesday rolled out its second generation Cayenne SUV in India at a price range of Rs. 49.30 lakh to Rs. 1.10 crore to help the company achieve a three-fold increase in sales in the next three years. The German sports car company, which was earlier selling its products through authorised dealership, has now formally set up its subsidiary in India. "India is in the beginning of development of the luxury automotive market as there has been an increased awareness and availability of top end brands, which we think should drive up our sales," Porsche India Centre (PIC) Managing Director Mohamed Rahman told reporters on the occasion of the new roll out. "We have incorporated the company, Porsche Cars India Pvt. Ltd.,'' PIC CEO Ashish Chordia said, supplementing Mr. Rahman. He said the company was looking at adding three new dealers in the South. "In the next month-and-a-half, our Mumbai centre will be opened, and we are adding one each in Hyderabad, Bangalore and Chennai. And by the end of the year, Porsche will have a total of five dealers across the country,'' Mr. Chordia said. Porsche sold 160 units of its luxury vehicles in India last year and is confident of taking the number to about 550 by 2010. Porsche sells various models, including the Boxster, the Carrera 911 and the Cayman. It plans to launch sedan Panamera globally in 2009, which would be introduced in India simultaneously.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2007, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
