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Several global automakers across the world are focussing on the development of electric vehicles as they are said to be the future of mobility. With the increasing demand for the fuel and rising pollution levels, the global automotive industry is looking for alternative fuel and development of eco-friendly vehicles. India is also pushing the use of electric vehicles.
Now, German luxury car manufacturer Porsche has come up with a surprise and has stated that the company will launch an electric vehicle in India in the beginning of 2020. The information was revealed by Director of Porsche India, Pavan Shetty. Porsche started its India innings in 2012 and had been retailing fully imported cars in the country.
Pavan Shetty said, "We will launch a fully electric car in India in the beginning of 2020." He also said that the new electric vehicle will be launched in India after the global launch in the last quarter of 2019. He added, "This is a part of the Mission-E of the company."
Previously, Porsche had showcased the Mission-E concept electric car at the 2015 Frankfurt Motor Show. We expect the new electric vehicle from the sable of German automaker to follow the design cues of the concept model with futuristic design elements and advanced technology.
Talking about the sales in India, Porsche sold 401 units in the country in 2016, and the sales figures went up to 434 units in 2017. Shetty said, "We are expecting a stable growth in the country as it is difficult to judge the external conditions like exchange rate fluctuations."
Shetty also said that after the implementation of the Goods and Service Tax (GST), the tax rates had gone up for some of its models and remained same for some other models. Currently, in the luxury car segment which also includes some of the world-class brands, Porsche has a market share of 1.2 to 1.5 percent.
Shetty also revealed that Porsche will launch a new SUV in the Indian market, the Cayenne E3 in the third quarter of 2018. Porsche has already launched models such as Cayenne, Macan, Panamera, 718 series, Cayman, Boxster, and the 911 in India. The company has a total of six dealerships across the country.
DriveSpark's Thoughts On The Porsche's New Electric Vehicle
The global automotive scene is focussing towards eco-friendly vehicles as the pollution due to carbon emission is getting out of hand. Now, Porsche has also joined the bandwagon by announcing a new electric vehicle for the Indian market. The Indian government has been pushing the use of electric vehicles and aims to shift to all-electric commercial vehicles by 2030. We expect the new Porsche electric vehicle to be based on the Mission-E concept.