India, March 14 -- Porsche is betting big on new models to boost its sales in 2024. The German sportscar marque under the Volkswagen Group has revealed that it will launch a slew of new models this year. However, the brand also stated that the high costs connected with these launches would result in lower profits for the company. The luxury car manufacturer is expecting to see lower operating returns this year, between 15 per cent and 17 per cent, down from 18 per cent registered in 2023.

The automaker has already introduced the flagship version of its all-electric offering Taycan, which comes christened Porsche Taycan Turbo GT. It comes positioned above the erstwhile flagship model in the lineup Taycan Turbo GT. The new Porsche Taycan T...