The new SUV will be available in two variants -- the Macan Turbo and the Macan S Diesel.
While the Macan Turbo, powered by 3.6-litre engine, is priced at Rs 1.11 crore, the Macan S Diesel with a 3.0-litre engine is tagged at Rs 1 crore.
Porsche India Director Anil Reddi said: "With the introduction of the Macan, Porsche offers a real sports car in the dynamically growing compact SUV segment for the first time."
The Macan marks Porsche's move into a new segment, following in the footsteps of the brand's most successful model in the luxury SUV range, the Cayenne, the company said.
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Porsche India is a division of Volkswagen Group Sales India. It sells a range of models including the 911, Boxster, Cayman and the Panamera through eight authorised sales and service dealers in Ahmedabad, Bengaluru, Chandigarh, Gurgaon, Hyderabad, Kochi, Kolkata and Mumbai.