Porsche India

Porsche India retail sales increase 40% to 489 units in Jan-June period

Porsche India on Wednesday said its retail sales increased 40 per cent year-on-year to 489 units in the January-June period. The company saw robust sales of Cayenne and Macan models during the period under review, the luxury sports carmaker said in a statement. "The desire to own a Porsche in India continues to grow and we are elated to see that the first half of 2024 has been our best ever," said Manolito Vujicic, Brand Director, Porsche India. This reflects what has been a solid, continuous growth of sales right across each model line for Porsche in India over the past few years, he added. "It bodes well for the remainder of 2024 with a brace of more exciting new models set to launch in conjunction with further expansion of the Porsche network across the country," Vujicic said. The second half of 2024 will see three exciting new models arrive in India, the Cayenne GTS, 911 sports coupe and Panamera GTS, the company said. Deliveries for these models are planned to commence from

Pune crash: Minor released, HC says sending him to observation home illegal

The Bombay High Court on Tuesday directed that the 17-year-old boy allegedly involved in the Porsche car accident in Pune be released immediately as the orders remanding him to an observation home were illegal and the law regarding juveniles must be implemented fully. The teenager, who had got bail hours after the accident on May 19 but was sent to the observation home three days later following an outcry, was released in the evening following the HC order. A division bench of Justices Bharati Dangre and Manjusha Deshpande said it was the court's bounden duty to prioritize justice above everything else, and it was not swayed by the uproar created because of the ghastly mishap which resulted in the loss of two innocent lives. "Fiat Justitia Ruat Caelum, a latin phrase which connotes, "Let justice be done though the heavens fall," clearly convey a principle in law, that justice must be realized regardless of consequences and just decisions may be made at whatever cost it comes," the

Pune car crash: Teen's grandfather held for confinement' of family driver

The Pune police have arrested the grandfather of the 17-year-old minor who allegedly fatally knocked down two persons with his Porsche for alleged wrongful confinement of their family driver, an official said on Saturday. The teenager's father Vishal Agarwal, who is in judicial custody in connection with the car accident, has also been named in this case, he said. A day earlier, Pune police chief Amitesh Kumar had said that an attempt was made to establish that the high-end car was not driven by the minor. On a complaint by the family driver of the juvenile, the Yerawada police have registered a separate offence against the teen's grandfather and father, he said. The two have been booked under IPC sections 365 (kidnapping with intent secretly and wrongfully to confine a person) and 368 (wrongfully concealing or keeping in confinement), he said. After the car crash, the teen's grandfather and father allegedly kept the driver's phone with them and put him in confinement in his house

Pune Porsche crash: Mother of teen appeals to cops to safeguard son

The mother of the 17-year-old boy who allegedly fatally knocked down two persons with his high-end car has appealed to the police to protect her son after a video purportedly featuring him, boasting about how he got away with the accident, went viral. In a video message, the teen's mother stressed that the clip had nothing to do with her son and that it was fake. The video which is being circulated is not of my son. That is a fake video. My son is in the detention centre, says the teen's mother in her message. Appealing to the police to protect her son, the mother breaks down, shows her video message. Unable to gather herself, she then walks away from the camera. A rap song purportedly featuring the teenager, boasting about how he got away with the car crash, went viral on social media, but Pune police have clarified that it was a fake account and that the teenager had no role in the video. Later, it was found that the rap video was of a social media influencer. A Porsche, allege

Actor Naga Chaitanya buys a new rare Porsche 911 GT3 worth over Rs 3.5 cr

Actor Naga Chaitanya added a Rs 3.5 crore worth car, Porsche 911 GT3, to his garage. Here's all you need to know about his affection for high-end cars

Porsche India posts record best retail sales at 914 units in 2023

Luxury sports car maker Porsche India on Tuesday reported its best retail sales with 914 units in 2023, a growth of 17 per cent over the previous year. The company also fulfilled its commitment of an electric future by recording the highest number of 113 Taycan deliveries to date, Porsche India said in a statement. Besides, a record 65 units of the iconic 911 model were delivered in the same period, it added. Porsche India Brand Director, Manolito Vujicic said,"2023 was another strong year for Porsche India where sales of every model played a significant factor in our encouraging result." He further said it sets a good benchmark for 2024 which will see several new products being launched, as well as further expansion to the retail network. New showrooms will be opened in Pune and Hyderabad in the first half of the year as part of a continuing network expansion, the company added.

Volkswagen's efforts to boost valuation stifled by lack of succession plan

The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021

Luxury automaker Porsche's delivery in India rises 64% to 779 units in 2022

German sports Luxury car maker Porsche on Friday said its delivery of cars in India increased 64 per cent in 2022 to 779 units against 474 units in 2021. The massive surge in sales was driven by a strong interest among the buyers for its SUVs and sports cars, with a 69 per cent growth in the sales of SUV models, Porsche India said in a statement. The premium carmaker said the sales include 78 units of its all-new electric Tycan (launched in December 2021) in the 12-month period. Manolito Vujicic, Brand Director, Porsche India, said the strong result shows the upward trajectory that started in 2021 was maintained through 2022. "It has been a strong year for Porsche India with a 69 per cent growth in the sales of our SUV models, highlighted by our top-selling model, the Cayenne, ending the year with 399 retail units," said Vujicic. During the previous year, he said, Porsche India set up three new dealerships in Bengaluru, Chennai and Kolkata besides introducing the approved programm

Porsche India reports 37% rise in sales to 193 units in third quarter

Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022. The company had retailed a total of 141 cars in the third quarter of 2021, according to Porsche India. Retail sales of 193 units during the third quarter helped Porsche India reach 571 deliveries so far in 2022, surpassing the previous best full-year total of 534 units delivered in 2013, it said in a statement. On a consolidated basis, it has delivered 71 per cent growth in its car sales in the first nine months -- January-September -- of the current year, it added. Porsche India, which is a part of the Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL), had retailed a total of 378 cars in the domestic market in the first half of this year. "By stimulating the market with Porsche Exclusive Manufaktur (programme) showcases through our dealerships, we have generated a buzz that will help carry the momentum into the fourth quarter and next year," said Manoli

Porsche India sales up two folds at 378 units in first half of 2022

Luxury carmaker Porsche India on Monday reported an over two-fold jump in sales at 378 units in the first half of 2022

German luxury carmaker Porsche forays into pre-owned car segment in India

The Porsche Approved programme is now available across India with a comprehensive warranty on pre-owned cars for a minimum of 12 months

Driven by SUV Macan, Porsche India sales grow 62% at 474 units in 2021

The company expects this sales momentum to continue in 2022 amid a strong order bank and further expansion of its product range

Porsche India reports 52% increase in sales at 154 units in Jan-Mar qtr

Porsche India also recorded the highest number of Macan SUVs sold in a quarter since 2015

Porsche to lean on green financing for its $6.6 billion electric-car plan

Porsche turned to green financing ahead of the debut of the $100,000-plus Taycan, its first battery-powered car

Porsche likely to make a foray into pre-owned car business in India

Globally, the company sells pre-owned cars under its Porsche Approved brand