Porsche explores local assembly of Cayenne in India amidst soaring demand: Report
₹88 lakh to ₹1.84 crore ex-showroom. The 2023 Porsche Cayenne facelift and Cayenne Coupe facelift were officially introduced to the Indian market in July.
These models had their global launch earlier in the year, and prospective buyers in India have been able to place orders since April. In 2022, the company experienced a remarkable 64 percent year-on-year growth in sales in India, totaling 779 units.
The Cayenne model was responsible for nearly half of these sales. India imposes a 100 percent duty on fully imported cars with a CIF (Cost, Insurance, and Freight) value exceeding $40,000 and a 70 percent duty on those valued below that amount.
Assembling vehicles locally results in discounted customs duties on knocked-down auto parts, ultimately leading to prices that are 15 to 35 percent lower than the standard rates. Porsche's retail network expansion began in 2022, with significant developments continuing into 2023.
In April 2023, Porsche India inaugurated two new showrooms, one in Bengaluru and the other in Chennai. Additionally, it unveiled renovated facilities in Mumbai, Ahmedabad, and Kolkata, further strengthening its presence in the Indian market.
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