Volkswagen AG, Europe's largest carmaker, will launch the iconic Porsche sports car marquee in India next year and appoint a new team to steer its sales in the overcrowded Indian automobile market.
Two people close to the development said Volkswagen will import the Porsche models 911, Cayman, Boxter, Panamera and Cayenne SUV for the Indian market and look at local assembly at one of its facilities in Maharashtra when volumes pick up. The cars, to be distributed and sold under the Volkswagen banner in India from next year, carry price tags ranging from Rs 70 lakh to Rs 3 crore (ex-showroom, Delhi).
Two people close to the development said Volkswagen will import the Porsche models 911, Cayman, Boxter, Panamera and Cayenne SUV for the Indian market and look at local assembly at one of its facilities in Maharashtra when volumes pick up. The cars, to be distributed and sold under the Volkswagen banner in India from next year, carry price tags ranging from Rs 70 lakh to Rs 3 crore (ex-showroom, Delhi).
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