Volkswagen AG eyes to takeover Porsche completely

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Volkswagen has put agreement with Porsche stating that the former can pay the stipulated amount upfront by the pre-determined time and have Porsche completely under its wing or else has the option open to give up totally selling out the stocks at the same afore-mentioned amount to wash its hands off the Porsche. However, Volkswagen who does not seem to find the second option quite enticing is figuring out the best approach to duck out of paying the high tax of € 1 billion, which is otherwise required to shell out of its pocket. And for that matter, why actually would Volkswagen let go of a prized possession which is making stupendous sales across the globe and recently posted a tremendous sales growth and hopes to continue the growth story with 6.5% rise in sales globally for 2012.

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On an overall, where Asia seems to the key market for growth, Porsche sales in India have reached the new heights especially in 2011 growing in leaps and bounds to touch 322 unit sales occuping 30% market share in super luxury car segment in India rivalling against Bentley, Roll-Royce and Ferrari in India. Volkswagen, however seems to be on an expansion spree for Porsche car sales in India with numerous plans on cards, one being the increase in the Porsche dealerships with the newly launched dealership in Bangalore and also the new Porsche Cayenne launch in April to achieve the growth plans set for the year.