Porsche drives into India with modest targets

Newswire

NEW DELHI, Oct 26 (Reuters) - German luxury carmaker Porsche AG announced its entry into India's fast growing car market on Tuesday, but said it expected only moderate sales of its sports cars in a market dominated by minis and hatchbacks. Porsche introduced three versions of its Cayenne sports utility vehicle priced between 4.7 to 8.6 million rupees ($102,845-188,183), and the Boxster S and the Carrera sports cars priced between 4.7 million and 7.1 million rupees. Mark Bishop, managing ...

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