Luxury sports car maker Porsche is targeting additional volumes in India with an affordable version of its SUV Macan which it aims to drive in the country over the next few months.

The company plans to bring in two variants of the next generation Macan to the country, with the entry-level trim expected to attract a newer set of customers to its fold with a lower price tag.

"We will launch the new Macan in June-July at a competitive price and we have high hopes on this car," Porsche India Director Pavan Shetty told PTI.

The company plans to drive in two variants with different engine outputs, he added.

Macan S variant would be on the performance side generating an output of 340 horsepower (HP), while Macan's entry-level trim will come with 245 HP output, Shetty said.

"...With new Macan, we anticipate and expect even corporates to start looking at Porsche car, currently our top customers are businessmen," he added.

Macan range currently starts at over Rs 80 lakh in India.

Porsche had been selling between 400 and 500 units till 2017 but last year, there was a dip in sales as it could not sell its SUV Cayenne for around six months.

"This year onwards, we should be back to stability and I am sure the new set of cars will also provide traction to the sales," Shetty said.

The super luxury segment in India currently remains small at 40,000 units a year, which is only about 1.3 per cent of the 3.2 million strong passenger vehicle segment.

When asked about new model launches, Shetty said that besides new generation Macan, the company would also bring in Cayenne Coupe and an electric car next year.

The company has already introduced its flagship 911 range in India last week. Porsche, a division of Volkswagen group, imports models from Germany into India.

When asked to comment on government policies in India, Shetty said all the company seeks is stability.

"Stability in terms of policies is really key in our planning process and stability makes us plan for the future. There should not be frequent duty changes, frequent changes in rules and regulations. Rules are set and we follow that no problem with that," he noted.&nbsp;

Luxury sports car maker Porsche is targeting additional volumes in India with an affordable version of its SUV Macan which it aims to drive in the country over the next few months.

Luxury sports car maker Porsche is targeting additional volumes in India with an affordable version of its SUV Macan which it aims to drive in the country over the next few months. The company plans to bring in two variants of the next generation Macan to the country, with the entry-level trim expected to attract a newer set of customers to its fold with a lower price tag. "We will launch the new Macan in June-July at a competitive price and we have high hopes on this car," Porsche India Director Pavan Shetty told PTI. The company plans to drive in two variants with different engine outputs, he added. Macan S variant would be on the performance side generating an output of 340 horsepower (HP), while Macan's entry-level trim will come with 245 HP output, Shetty said. "...With new Macan, we anticipate and expect even corporates to start looking at Porsche car, currently our top customers are businessmen," he added. Macan range currently starts at over Rs 80 lakh in India. Porsche had been selling between 400 and 500 units till 2017 but last year, there was a dip in sales as it could not sell its SUV Cayenne for around six months. "This year onwards, we should be back to stability and I am sure the new set of cars will also provide traction to the sales," Shetty said. The super luxury segment in India currently remains small at 40,000 units a year, which is only about 1.3 per cent of the 3.2 million strong passenger vehicle segment. When asked about new model launches, Shetty said that besides new generation Macan, the company would also bring in Cayenne Coupe and an electric car next year. The company has already introduced its flagship 911 range in India last week. Porsche, a division of Volkswagen group, imports models from Germany into India. When asked to comment on government policies in India, Shetty said all the company seeks is stability. "Stability in terms of policies is really key in our planning process and stability makes us plan for the future. There should not be frequent duty changes, frequent changes in rules and regulations. Rules are set and we follow that no problem with that," he noted.

Porsche to drive in new-generation Macan in India by July

Sports car maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and resulting urban driving bans.

"There won't be any Porsche diesels in the future," CEO Oliver Blume told the newspaper Bild am Sonntag.

Instead, the company would concentrate on what he called its core strength, "powerful petrol, hybrid and, from 2019, purely electric vehicles".

The Porsche chief conceded the step was a result of the three-year-old "dieselgate" scandal at auto giant Volkswagen, the group to which the luxury sports car brand belongs.

VW in 2015 admitted to US regulators to having installed so-called "defeat devices" in 11 million cars worldwide to dupe emissions tests.&nbsp;

It has so far paid out more than 27 billion euros in fines, vehicle buybacks, recalls and legal costs and remains mired in legal woes at home and abroad.&nbsp;

Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution -- a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday.

Stuttgart-based Porsche in February stopped taking orders for diesel models, which it had sold for nearly a decade.

Blume said Porsche had "never developed and produced diesel engines", having used Audi motors, yet the image of the brand had suffered.&nbsp;

"The diesel crisis has caused us a lot of trouble," he said, months after Germany's Federal Transport Authority ordered the recall of nearly 60,000 Porsche SUVs in Europe.

Blume promised that the company would keep servicing diesel models on the road now.

According to the paper, Porsche also faces claims of having manipulated engines to produce a more powerful sound with a technique that was deactivated during testing.

Blume acknowledged that German regulators had found irregularities in the 8-cylinder Cayenne EU5, affecting some 13,500 units.

Merkel, Transport Minister Andreas Scheuer and heads of German auto companies were due to meet in Berlin later Sunday to discuss steps to avoid more city driving bans.

The German government hopes to see one million fully electric and hybrid vehicles on the road by 2022, up from fewer than 100,000 at the start of this year.

Sports car maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and resulting urban driving bans.

Sports car maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and resulting urban driving bans. "There won't be any Porsche diesels in the future," CEO Oliver Blume told the newspaper Bild am Sonntag. Instead, the company would concentrate on what he called its core strength, "powerful petrol, hybrid and, from 2019, purely electric vehicles". The Porsche chief conceded the step was a result of the three-year-old "dieselgate" scandal at auto giant Volkswagen, the group to which the luxury sports car brand belongs. VW in 2015 admitted to US regulators to having installed so-called "defeat devices" in 11 million cars worldwide to dupe emissions tests. It has so far paid out more than 27 billion euros in fines, vehicle buybacks, recalls and legal costs and remains mired in legal woes at home and abroad. Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution -- a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday. Stuttgart-based Porsche in February stopped taking orders for diesel models, which it had sold for nearly a decade. Blume said Porsche had "never developed and produced diesel engines", having used Audi motors, yet the image of the brand had suffered. "The diesel crisis has caused us a lot of trouble," he said, months after Germany's Federal Transport Authority ordered the recall of nearly 60,000 Porsche SUVs in Europe. Blume promised that the company would keep servicing diesel models on the road now. According to the paper, Porsche also faces claims of having manipulated engines to produce a more powerful sound with a technique that was deactivated during testing. Blume acknowledged that German regulators had found irregularities in the 8-cylinder Cayenne EU5, affecting some 13,500 units. Merkel, Transport Minister Andreas Scheuer and heads of German auto companies were due to meet in Berlin later Sunday to discuss steps to avoid more city driving bans. The German government hopes to see one million fully electric and hybrid vehicles on the road by 2022, up from fewer than 100,000 at the start of this year.

Porsche becomes first German carmaker to abandon diesel engines

German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified across Europe.

"Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold by the high-end Volkswagen subsidiary in Germany, a spokesman for the KBA vehicle licensing authority told AFP.

"Defeat devices" refers to software designed to reduce harmful emissions under regulatory test conditions compared with real on-road driving.

A Porsche spokesman said across Europe, some 53,000 Macans fitted with 3.0 litre diesel engines and 6,800 4.2-litre Cayennes were affected by the recall.

News weekly Der Spiegel reported that KBA investigators found the Macan diesels -- which Porsche claimed were in compliance with the latest and strictest "Euro 6" emissions standards -- &nbspincluded five defeat devices even after a 2016 software update designed to reduce pollution.

The Porsche spokesman said the firm is "working with the KBA on a technical solution" for the Macan's motor control software, adding it has already agreed an update for the Cayenne and will contact owners about the installation.

Shares in Volkswagen were largely untroubled by the news, losing 0.4 percent around 2:30 pm Friday (1330 GMT) to trade at 173.26 euros in Frankfurt.

Germany's keystone car industry remains in the focus of the media and criminal investigators almost three years after Volkswagen's September 2015 admission of manipulating 11 million diesel cars worldwide to fool emissions checks.

VW has paid out more than 25 billion euros in fines, buybacks and compensation since its "dieselgate" scandal broke.

And former top executives are under investigation over whether they failed to inform investors quickly enough about the looming threat to the firm.

So far only middle-ranking managers have been arrested on suspicion of direct involvement in the manipulation.

An unnamed Porsche manager was taken into custody by Stuttgart prosecutors in April, with German media reporting the man arrested was Joerg Kerner, former head of engine development.

Among other German car firms, high-end BMW and Mercedes-Benz maker Daimler have both had their offices raided by investigators searching for evidence of possible cheating.

BMW recalled some 12,000 cars in February after admitting they contained software that allowed the engines to release more harmful emissions on the road than in the lab -- but insisted the software was installed by mistake.

A Porsche spokesman said across Europe, some 53,000 Macans fitted with 3.0 litre diesel engines and 6,800 4.2-litre Cayennes were affected by the recall

German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified across Europe. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,000 Macan cars sold by the high-end Volkswagen subsidiary in Germany, a spokesman for the KBA vehicle licensing authority told AFP. "Defeat devices" refers to software designed to reduce harmful emissions under regulatory test conditions compared with real on-road driving. A Porsche spokesman said across Europe, some 53,000 Macans fitted with 3.0 litre diesel engines and 6,800 4.2-litre Cayennes were affected by the recall. News weekly Der Spiegel reported that KBA investigators found the Macan diesels -- which Porsche claimed were in compliance with the latest and strictest "Euro 6" emissions standards -- &nbspincluded five defeat devices even after a 2016 software update designed to reduce pollution. The Porsche spokesman said the firm is "working with the KBA on a technical solution" for the Macan's motor control software, adding it has already agreed an update for the Cayenne and will contact owners about the installation. Shares in Volkswagen were largely untroubled by the news, losing 0.4 percent around 2:30 pm Friday (1330 GMT) to trade at 173.26 euros in Frankfurt. Germany's keystone car industry remains in the focus of the media and criminal investigators almost three years after Volkswagen's September 2015 admission of manipulating 11 million diesel cars worldwide to fool emissions checks. VW has paid out more than 25 billion euros in fines, buybacks and compensation since its "dieselgate" scandal broke. And former top executives are under investigation over whether they failed to inform investors quickly enough about the looming threat to the firm. So far only middle-ranking managers have been arrested on suspicion of direct involvement in the manipulation. An unnamed Porsche manager was taken into custody by Stuttgart prosecutors in April, with German media reporting the man arrested was Joerg Kerner, former head of engine development. Among other German car firms, high-end BMW and Mercedes-Benz maker Daimler have both had their offices raided by investigators searching for evidence of possible cheating. BMW recalled some 12,000 cars in February after admitting they contained software that allowed the engines to release more harmful emissions on the road than in the lab -- but insisted the software was installed by mistake.

Germany orders Porsche recall over diesel emissions cheating

Porsche and Audi, Volkswagen&#39;s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying.

&quot;By 2025, we&#39;re facing a low single-digit billion euro sum to develop the architecture,&quot; Audi CEO Rupert Stadler told both the Stuttgarter Zeitung and Stuttgarter Nachrichten.

&quot;If both would act on their own, costs would be 30 percent higher,&quot; Porsche CEO Oliver Blume said, adding Audi was hiring 550 developers for the project and Porsche 300.

From 2021 onwards, both businesses want to bring several models to the streets based on the joint platform, with Stadler saying that would build two sedan cars in Neckarsulm and two sports utility models at its Ingolstadt base.

Porsche&#39;s Blume said the sportscar maker could build its first model based on the joint architecture in Leipzig, where it is already assembling its Macan sport-utility model. &quot;I currently see good chances for Leipzig,&quot; Blume said.

'By 2025, we're facing a low single-digit billion euro sum to develop the architecture,' Audi CEO Rupert Stadler told both the Stuttgarter Zeitung and Stuttgarter Nachrichten

Porsche and Audi, Volkswagen's main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying. "By 2025, we're facing a low single-digit billion euro sum to develop the architecture," Audi CEO Rupert Stadler told both the Stuttgarter Zeitung and Stuttgarter Nachrichten. "If both would act on their own, costs would be 30 percent higher," Porsche CEO Oliver Blume said, adding Audi was hiring 550 developers for the project and Porsche 300. From 2021 onwards, both businesses want to bring several models to the streets based on the joint platform, with Stadler saying that would build two sedan cars in Neckarsulm and two sports utility models at its Ingolstadt base. Porsche's Blume said the sportscar maker could build its first model based on the joint architecture in Leipzig, where it is already assembling its Macan sport-utility model. "I currently see good chances for Leipzig," Blume said.

Porsche, Audi to develop joint electric car platform to save costs

South Korean car manufacturers Hyundai and Kia were <a href="http://www.wionews.com/science-tech/hyundai-kia-ordered-to-recall-vehicles-after-whistleblower-report-15490">ordered by authorities to recall</a> 240,000 vehicles in South Korea. This was a result of several defects discovered, including issues with the <a href="http://www.wionews.com/science-tech/hyundai-kia-ordered-to-recall-vehicles-after-whistleblower-report-15490">parking brake lights</a> and fuel hoses, and would affect models such as the Hyundai Elantra and Sonata.

This recall, though pales in comparison to a recall last month for 1.5 million cars in the US and South Korea from the same manufacturers. This was for 5 models including Hyundai&#39;s Sonata and Grandeur and was done because of potential engine stalling.

Here&#39;s a look at the various recalls that have been issued this year, compiled from news reports.

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If you look at the table above, you will see that several recalls have to do with airbags, especially those made by Takata. 13 carmakers issued a recall for <a href="http://www.nbcnews.com/business/autos/over-652k-vehicles-involved-latest-takata-airbag-recall-n708811">652,000 cars</a> in the US in March, cars which were fitted with the Takata airbags.

This is actually part of the world&#39;s largest recall, which started <a href="https://www.bloomberg.com/news/features/2016-06-02/sixty-million-car-bombs-inside-takata-s-air-bag-crisis">first in 2008</a> and could potentially affect over 100 million vehicles from several manufacturers. The issue was that because of a volatile chemical in the airbags, it could suddenly explode and send metal shrapnel into passengers. At least<a href="http://www.huffingtonpost.com/entry/majority-of-money-in-airbag-fraud-settlement-slated-for-automakers-not-actual-victims_us_58b3884ce4b060480e090796"> 11 have died and 200 hurt</a> in the US because of these exploding Takata airbags.

Car owners in India have been affected by the Takata recall too in 2017 with <a href="http://www.financialexpress.com/auto/car-news/honda-recalls-41850-units-of-jazz-city-accord-and-civic-over-airbag-failure/532163/">Honda recalling</a> around 42,000 cars&mdash;including models such as the City, Accord and Civic&mdash;and Toyota recalling 23,000 units of the <a href="http://www.financialexpress.com/auto/car-news/toyota-to-recall-over-23000-units-of-corolla-altis-in-india-over-faulty-takata-airbags/618968/">Corolla Altis</a>.

Because there is no official policy on car recalls in India, presently any such recall is <a href="http://pibregional.nic.in/PressReleseDetail.aspx?PRID=1487569">voluntarily done</a> by the manufacturer.

Carmakers Hyundai and Kia recalled 240,000 cars this week. So who else has recalled their cars this year?

South Korean car manufacturers Hyundai and Kia were ordered by authorities to recall 240,000 vehicles in South Korea. This was a result of several defects discovered, including issues with the parking brake lights and fuel hoses, and would affect models such as the Hyundai Elantra and Sonata. This recall, though pales in comparison to a recall last month for 1.5 million cars in the US and South Korea from the same manufacturers. This was for 5 models including Hyundai's Sonata and Grandeur and was done because of potential engine stalling. Here's a look at the various recalls that have been issued this year, compiled from news reports. If you look at the table above, you will see that several recalls have to do with airbags, especially those made by Takata. 13 carmakers issued a recall for 652,000 cars in the US in March, cars which were fitted with the Takata airbags. This is actually part of the world's largest recall, which started first in 2008 and could potentially affect over 100 million vehicles from several manufacturers. The issue was that because of a volatile chemical in the airbags, it could suddenly explode and send metal shrapnel into passengers. At least 11 have died and 200 hurt in the US because of these exploding Takata airbags. Car owners in India have been affected by the Takata recall too in 2017 with Honda recalling around 42,000 cars—including models such as the City, Accord and Civic—and Toyota recalling 23,000 units of the Corolla Altis. Because there is no official policy on car recalls in India, presently any such recall is voluntarily done by the manufacturer.

Analysis: Cars recalled worldwide in 2017

With the Aam Aadmi Party (AAP) facing a rift, Delhi Chief Minister Arvind Kejriwal and Deputy Chief Minister Manish Sisodia are making efforts to convince co-founder member Kumar Vishwas, who had hinted at breaking up from the party here.

&quot;Kumar Vishwas is an integral part of our movement. He has some grudges and I am sure we will convince him,&quot; Kejriwal said after a late night meeting on Tuesday.

The Delhi Chief Minister and Deputy Chief Minister went to Vishwas&#39; residence in Ghaziabad to hold talks with him.

Earlier on Tuesday,&nbsp;Vishwas accused the AAP leaders of conspiring against him.

&quot;The things Amanatullah has said about me, if he had said the same for Arvind Kejriwal or Manish Sisodia, he would have been thrown out of the party in 10 minutes. But he had said such thing so many times, yet he wasn&#39;t ousted,&quot; Vishwas told the media here.

&quot;Amanatullah is just a mask; someone else is speaking behind his mask. I would appeal to them to not go against me as I had once put up posters for AAP and defended them,&quot; he added.

He said that he will not compromise with his principles and soon take a call on his future action.

&quot;Will not keep silent on the mistakes of the AAP party,&quot; said Vishwas, adding, &quot;I&#39;m not interested in becoming the Chief Minister ever&quot;.

He clarified that he will not join any political party.

Earlier, AAP leader Amanatullah Khan had asserted that Vishwas was &#39;planted by the Bharatiya Janata Party (BJP) and the Rashtriya Swayamsevak Sangh (RSS)&#39;.

Amanatullah yesterday resigned from the party&#39;s Political Affairs Committee (PAC) following a high-end meeting of the party members with Kumar Vishwas conspicuously absent. 
 
(ANI)

The aim is to forge new partnerships, cooperate with venture-capital companies and invest in new companies

With the Aam Aadmi Party (AAP) facing a rift, Delhi Chief Minister Arvind Kejriwal and Deputy Chief Minister Manish Sisodia are making efforts to convince co-founder member Kumar Vishwas, who had hinted at breaking up from the party here. "Kumar Vishwas is an integral part of our movement. He has some grudges and I am sure we will convince him," Kejriwal said after a late night meeting on Tuesday. The Delhi Chief Minister and Deputy Chief Minister went to Vishwas' residence in Ghaziabad to hold talks with him. Earlier on Tuesday, Vishwas accused the AAP leaders of conspiring against him. "The things Amanatullah has said about me, if he had said the same for Arvind Kejriwal or Manish Sisodia, he would have been thrown out of the party in 10 minutes. But he had said such thing so many times, yet he wasn't ousted," Vishwas told the media here. "Amanatullah is just a mask; someone else is speaking behind his mask. I would appeal to them to not go against me as I had once put up posters for AAP and defended them," he added. He said that he will not compromise with his principles and soon take a call on his future action. "Will not keep silent on the mistakes of the AAP party," said Vishwas, adding, "I'm not interested in becoming the Chief Minister ever". He clarified that he will not join any political party. Earlier, AAP leader Amanatullah Khan had asserted that Vishwas was 'planted by the Bharatiya Janata Party (BJP) and the Rashtriya Swayamsevak Sangh (RSS)'. Amanatullah yesterday resigned from the party's Political Affairs Committee (PAC) following a high-end meeting of the party members with Kumar Vishwas conspicuously absent. (ANI)

Porsche opens digital centre in Silicon Valley

German luxury sports car maker Porsche launched two of its mid-engine models - the 718 Cayman and 718 Boxster - in the country, priced at Rs 81.63 lakh and Rs 85.53 lakh (ex-showroom Delhi) respectively.

With the new 718 series, Porsche is creating a distinction of the mid-engine models from its high-end 911 model. 
&quot;In the last portfolio, the Boxster N and the Cayman N were priced very close to the 911. We wanted to create an identity as it exists elsewhere in the world,&quot; Porsche India Director Pavan Shetty told PTI.

While the 911 is priced at Rs 1.47 crore, now the 718 Cayman and 718 Boxster are in the Rs 80-86 lakh bracket.This gives the brand identity of each of the models and the grid for the customers to differentiate, he added.
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The 718 series is a continuation of the tradition of small, powerful, turbocharged four-cylinder flat engines in combination with the latest technology innovations. The Cayman will now represent the entry model of Porsche, the company said.

Powered by 2-litre engines, both the 718 Boxster and 718 Cayman shift from 0 to 100 km/h in 4.7 seconds and have a top speed of 275 km/h. Both have six-speed manual transmission as standard.

Shetty said last year Porsche sold around 400 units in India, similar to what it had sold in 2015.

&quot;This year, with the new models coming, we definitely will improve from last year,&quot; he said. &quot;Within three months we will have something exciting to launch,&quot; he added, without sharing details.

(PTI)

The 718 Cayman and 718 Boxster are priced at Rs 81.63 lakh and Rs 85.53 lakh (ex-showroom Delhi), respectively

German luxury sports car maker Porsche launched two of its mid-engine models - the 718 Cayman and 718 Boxster - in the country, priced at Rs 81.63 lakh and Rs 85.53 lakh (ex-showroom Delhi) respectively. With the new 718 series, Porsche is creating a distinction of the mid-engine models from its high-end 911 model. "In the last portfolio, the Boxster N and the Cayman N were priced very close to the 911. We wanted to create an identity as it exists elsewhere in the world," Porsche India Director Pavan Shetty told PTI. While the 911 is priced at Rs 1.47 crore, now the 718 Cayman and 718 Boxster are in the Rs 80-86 lakh bracket.This gives the brand identity of each of the models and the grid for the customers to differentiate, he added. The 718 series is a continuation of the tradition of small, powerful, turbocharged four-cylinder flat engines in combination with the latest technology innovations. The Cayman will now represent the entry model of Porsche, the company said. Powered by 2-litre engines, both the 718 Boxster and 718 Cayman shift from 0 to 100 km/h in 4.7 seconds and have a top speed of 275 km/h. Both have six-speed manual transmission as standard. Shetty said last year Porsche sold around 400 units in India, similar to what it had sold in 2015. "This year, with the new models coming, we definitely will improve from last year," he said. "Within three months we will have something exciting to launch," he added, without sharing details. (PTI)

Porsche launches 718 Cayman, Boxster cars in India

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