Showing posts with label Porsche India continues its expansion plan with a new showroom in Mumbai. Show all posts
Showing posts with label Porsche India continues its expansion plan with a new showroom in Mumbai. Show all posts

Thursday, March 25, 2021

Porsche India continues its expansion plan with a new showroom in Mumbai

 Porsche India continues its expansion plan with a new showroom in Mumbai


Mumbai. Porsche Centre Mumbai marks the official opening of its new showroom in the popular district of Santacruz Linking Road with the debut of the benchmark Panamera sports saloon. The launch of the brand’s latest sports saloon comes at a crucial time for Porsche’s new local investor who has firm commitments to further enhance the customer experience in the new facility before year-end.

Following Porsche India’s selection of Infinity Cars Private Ltd. as the new dealer for the country’s largest city, a new 418-square metre showroom delivers Porsche standards of customer service before being converted into a digitally-themed “Destination Porsche” centre over the coming months. With this new retail concept, the showroom will be transformed from a predominately product-centric location into a customer-focused brand experience.

Commenting on the opening, Manolito Vujicic, Brand Head for Porsche India, says: “The opening of the new showroom in the capital of Maharashtra state is an important part of the organization’s strategic growth plan. With the “Destination Porsche” enhancements ready by the end of the year, we will continue to provide innovative ways to make Porsche even more accessible to customers as well as enthusiasts. I would like to thank Pooja Choudary, Dealer Principal of Porsche Centre Mumbai, and her team for their hard work to realize this facility opening within the shortest time possible and look forward to working with them in the years to come.”

Under the management of Infinity Cars Private Ltd., a well-experienced luxury car dealership group representing a variety of marquee brands across different cities, Porsche Centre Mumbai has initiated operations with maximum commitment towards its customers and prospects. Five trained sales consultants are available for individual consultation, including bespoke customization through the vast options offered by Porsche Exclusive Manufaktur. The showroom offers space to display the brand’s model range with up to five cars.

When it fully transforms into a showroom based on the “Destination Porsche” retail concept by the end of the year, Porsche Centre Mumbai will offer a further enhanced retail customer experience that strengthens the sense of community in relation to Porsche. Thanks to digital applications, the boundaries between physical space and the digital world will be dissolving ever further. This will include touch screens which will bring the products and services of the Porsche brand alive in an interactive way. The entire sales and order process can be completed electronically, including E-signature and online payment, thus elevating the customer in-store journey to a new level.

Pooja Choudary, Dealer Principal at Porsche Centre Mumbai, says once fully finished, the new showroom will create an individual connection between customers and Porsche products that will ensure a personable approach at every level: “We are committed to offering benchmark service to all our visitors. With our group’s extensive experience in luxury, we are confident that Porsche Centre Mumbai will always maintain a ‘customer first’ approach.”

“The opening marks the launch of the new Panamera in Mumbai which is a great start to our new venture. The latest model features a sportier look that complements its enhanced dynamics and increased power. Focussing equally on the driver and its passengers, the Panamera is the ideal mix between the comfort of a limousine and the performance of a sports car.”

Indian customers can choose from four different models comprising the rear-wheel-drive Panamera, Panamera GTS, Panamera Turbo S and the Panamera Turbo S E-Hybrid.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...