Biz-Econ

Porsche launches 911 model in India

German luxury sports car maker Porsche on Wednesday launched a new version of its 911 model in India, priced between Rs. 1.42 crore and Rs. 2.66 crore (ex-showroom Delhi).To expand its presence in India, Porsche plans to add two more showrooms - in Chennai and Hyderabad - in the coming months.‘Last year, we sold 408 units in India. We occupy a niche space in the luxury sports car market here and are looking for a steady growth in the country,’ Porsche India director, Pawan Shetty, told PTI.‘This is the 8th generation of the 911 model and is 12 per cent more fuel-efficient than the previous generations,’ Mr. Shetty said.The latest 911 is also available in coupe and cabriolet iterations, with entirely new turbocharged power units.Commenting on the ban on diesel cars and SUVs with engines of 2,000 cc and above, Mr. Shetty said it would have little impact on the company as the model runs only on petrol.Porsche’s portfolio of luxury sports cars in India includes the Cayman, Cayenne, Macan, Boxter, 911 and Panamera, which are priced in the range of Rs. 1 crore to Rs. 3 crore.