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.
"With the introduction of the Macan, Porsche offers a real sports car in the dynamically growing compact SUV segment for the first time," Porsche India director Anil Reddi said.
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.
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 authorized sales and service dealers in Ahmedabad, Bengaluru, Chandigarh, Gurgaon, Hyderabad, Kochi, Kolkata and Mumbai.