Luxury car maker Porsche on Wednesday announced the appointment of Volkswagen Group Sales India as the official importer of all Porsche range of cars in the country, snapping its ties with Precison Cars India.
"With this new agreement, we are looking forward to exploring the opportunities across India even further.", Porsche, Middle East and Africa FZE, Managing Director, George Wills said in a statement.
Development of emerging markets was clearly important for Porsche's future, he said, adding "We are confident sales in the sub-continent will continue to grow in the coming years".
Since 2004, Porsche has delivered a total of 1,052 cars in India. In 2011, 85 per cent of the total deliveries were Cayenne models, it said.
"Building on the growing success of Prosche in India isn't a challenge; it's something we are looking forward to embracing with pride", Volkswagen Group Sales India, Porsche-division Head Anil Reddi said.
"I am confident that with our dedicated professional team, we will take Porsche's presence in India to the next level", he added.
Since its foray into India, New Delhi-based Precision Cars India had been the official importer of Porsche range of cars in the country.
When asked about the change in official importer, a representative of Precision Cars India, on condition of anonymity, said, "They were not informed about the change (appointing Volkswagen Group Sales India)".