financetom
Business
financetom
/
Business
/
Porsche delivers 64% more cars in India in 2022
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Porsche delivers 64% more cars in India in 2022
Jan 27, 2023 8:58 AM

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.

Share Market Live

NSE

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.

Also Read: Lamborghini India seeks lower taxes on imported cars ahead of Budget 2023

”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 programme offer of 12 months cover on pre-approved cars.

Also Read: Suzuki Motor to invest $35 billion in EVs globally, to launch 6 new EVs in India by 2030

(Edited by : Vivek Dubey)

First Published:Jan 27, 2023 5:58 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
McCormick Holds Fiscal 2025 Outlook as Quarterly Earnings Top Street Estimates
McCormick Holds Fiscal 2025 Outlook as Quarterly Earnings Top Street Estimates
Jun 26, 2025
08:52 AM EDT, 06/26/2025 (MT Newswires) -- McCormick ( MKC ) reiterated its full-year outlook on Thursday amid plans to offset costs related to tariffs, while the company's fiscal second-quarter earnings were unchanged annually, but defied market expectations for a decline. The spices and seasonings producer continues to project adjusted earnings to be between $3.03 and $3.08 per share for...
Microsoft Uniquely Positioned for Next Phase of AI Growth, Morgan Stanley Says
Microsoft Uniquely Positioned for Next Phase of AI Growth, Morgan Stanley Says
Jun 26, 2025
08:53 AM EDT, 06/26/2025 (MT Newswires) -- Microsoft's ( MSFT ) rising capital spending tied to its generative AI investments point to an upside in Azure AI revenue forecasts and support a multi-year growth cycle, Morgan Stanley said in a note Thursday. According to the note, the company's updated capital expenditure model shows Azure AI revenue could exceed $200 billion...
Sector Update: Consumer
Sector Update: Consumer
Jun 26, 2025
08:51 AM EDT, 06/26/2025 (MT Newswires) -- Consumer stocks were edging higher premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund (XLY) were up 0.2% recently. McCormick ( MKC ) shares were up more than 5% after the company reported higher fiscal Q2 net sales and unchanged adjusted earnings per share...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved