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Old 21st September 2007, 17:54   #1
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Default Porsche to assemble cars in India.

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Porsche said that it would assemble cars for the first time outside Germany not just for India but possibly the region.


Porsche to assemble cars in India




Siddharth Vinayak Patankar

Friday, September 21, 2007 (Frankfurt):

It is big news for car lovers in India. In an exclusive interview with NDTV, Porsche said that it not only want to bring more of its cars to India but for the first time in its history it will shed its 'Made in Germany' image to assemble its cars in India.

Dr Wendelin Weideking is considered to be one of the most powerful men in the world's automobile space. As Porsche CEO he is all set to become the boss at Volkswagen (VW) too.

Porsche already owns 30.9 per cent stake in VW since March this year and that has triggered a takeover bid under German law. It is likely to hike its stake to a majority level by the end of 2007.

Porsche and VW have collaborated on various projects in the past, but now the alliance will go a step further for the first time. Porsche said that it would assemble cars for the first time outside Germany not just for India but possibly the region.

This means that ...

Please continue to read the article here: NDTV PROFIT

Last edited by Rehaan : 21st September 2007 at 21:46. Reason: Please dont paste the entire article on team-bhp. Thanks
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Old 21st September 2007, 18:00   #2
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Now this is truly news that makes me smile!
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Old 21st September 2007, 18:02   #3
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Rtech, can you open this as seperate thread. This is very big news.
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Old 21st September 2007, 18:05   #4
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This is indeed great news, hope to lot of these german beauties on road soon
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Old 21st September 2007, 18:07   #5
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Huge news indeed! We should see a serious drop in prices what?
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Old 21st September 2007, 18:14   #6
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Although Porsche manfuactured in India will still command an astronomical price tag but "Made in India" Porches will deinitely elevate Indian auto industry to next level.
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Old 21st September 2007, 18:16   #7
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Quote:
Originally Posted by sbasak View Post
Although Porsche manfuactured in India will still command an astronomical price tag but "Made in India" Porches will deinitely elevate Indian auto industry to next level.
that is the idea.

20 characters.
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Old 21st September 2007, 18:22   #8
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Someone please please tell me that I can buy atleast a Boxster for 30 lakhs?

Fantasy coming true.
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Old 21st September 2007, 18:23   #9
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Quote:
Originally Posted by sbasak View Post
Although Porsche manfuactured in India will still command an astronomical price tag but "Made in India" Porches will deinitely elevate Indian auto industry to next level.
Dang! Guess I started dreaming too early.
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Old 21st September 2007, 19:55   #10
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Nearly jumped off my chair! This is amazing news for all buyers out there...(that doesnt include me and not even in 2010 !!).

Just cannot imagine the jobs that are coming here! Automobile engineers can smile their way to the banks in the next decade!!
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Old 21st September 2007, 20:54   #11
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Sweet news!! Now this is going to do wonders to the auto scene in India..
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Old 21st September 2007, 22:20   #12
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WOW!!!

Lets just hope this actually works out though.
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Old 21st September 2007, 22:41   #13
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A very splendid news indeed.Glad to know more and more companies are planning to use the huge potential of India.
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Old 22nd September 2007, 01:31   #14
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Quote:
Originally Posted by kvish View Post
(that doesnt include me and not even in 2010 !!).

Hahahahaha ill come up on that list too..but not even till 2080
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