German car maker Porsche is chalking out plans to sell at least 50 units of its yet to be launched premium luxury sedan Panamera in India, notwithstanding adverse market condition due to global slowdown.

The luxury cars are expected to hit Indian roads by October 3 and customers have already booked 13 cars in India according to Precision Cars India's Managing Director, Rod Wallace.

Precision Cars India imports the Porsche range of cars and sells Special Utility Vehicle Cayenne in the country. The company entered in Indian market three years ago and has sold around 650 cars by now.

Mr. Wallace said, "In 2007, we sold around 168 units while in 2008 it was 150. However with the Panamera we are hoping to reach 225 over the next 12 month period."

He said that the firm will import cars from its Germany plant, exclusively set up to manufacture about 20,000 units of the Panamera cars. The company produced 80,000 units this year as compared to 98,000 units in 2008 with the global recession adversely hit production due to low demand in the market.

Luxury sedan cars will cost around Rs 1.4 crore to Rs 2 crore in India.