Porsche expects 20% jump in sales in India this year

Porsche expects 20% jump in sales in India this year

New Delhi: An expected dip in its global sales notwithstanding, luxury car maker Porsche is hoping for a nearly 20% jump in sales in India this year and has introduced premier sedan Panamera in the country, priced in the range of 1.4-2.05 crore, to achieve the same.

“The Indian market is going through a revolution for desire of high-end products. We do not want to miss this opportunity and so launching Panamera. We are expecting a good growth in India despite an anticipated dip in global sales in 2009," the managing director of Precision Cars India, the importer of Porsche vehicles in the country, Rod Wallace told PTI.

The company had sold 168 units in 2008 in India and is expecting to sell 200 units this year with the launch of Panamera, he added.

The company today unveiled luxary sedan Panamera with three variants priced between Rs1.4 crore and Rs2.05 crore.

With the major overseas auto markets, including the US, going through a demand slump, Porsche is expecting its global sales to decrease to 75,000 units this year from 98,000 units in 2008.

“India is recovering very fast. In the first three-four months the sales were low but since April confidence has retained and we are receiving more inquiries and interest for Porsche car," he said.