Lexus India

Carmakers Mercedes, Lexus, Audi expect bumper sales in festive period

Luxury carmakers Mercedes-Benz, Lexus and Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars. With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest ever volumes in a year in 2023. In an interaction with PTI, Mercedes-Benz India Managing Director and CEO Santosh Iyer noted that the festive season looks very promising as compared with last year. "This year the festive season is spread across four months and we are optimistic as we started on a very positive note, from Onam onwards," he stated. With a strong demand primarily driven by recent launches and buoyant customer sentiment, Mercedes-Benz expects the growth momentum to continue, Iyer said. Lexus India President Naveen Soni said the luxury car market continues to grow in the country. "This year, the demand for high-end cars has brought cheer to the industry. Luxury cars, as a market segment, are growing at

Updated On : 24 Sep 2023 | 1:37 PM IST

Indians in US perform havan, rituals for success of Chandrayaan-3

The members of Indian diaspora performed a havan at a temple in Virginia, US for the successful landing of Chandrayaan-3 on the Moon

Updated On : 23 Aug 2023 | 9:09 AM IST

Lexus set to foray into used car biz; roll out first EV in India by 2025

Luxury carmaker Lexus from next year is looking to foray into the used car business in India, having now completed six years in the market, according to a top company official. The Japanese carmaker, which currently sells its product range through 23 touch points, aims to transition some of the sales outlets to also cater to the pre-owned car vertical. Known for its self-charging hybrid cars, Lexus is now gearing up to roll out its first electric model in the country by 2025. In an interaction with PTI, Lexus India President Naveen Soni said the automaker is now seriously considering the introduction of a structured pre-owned car programme. He noted that the company will initiate the programme in select outlets after taking into account the business viability of the dealer partner. "So I think very soon, by the third quarter or maybe next year beginning, I should say," he stated when asked about the timeframe the company was looking to get into the used car segment. Soni stated t

Updated On : 23 Jul 2023 | 11:38 AM IST

Lexus to hike price of ES 300h by 2% from July to offset input costs rise

Luxury carmaker Lexus India on Friday said it will increase prices of ES 300h sedan range by up to 2 per cent from next month in order to offset rise in input costs. In a statement, Lexus India President Naveen Soni said the current circumstances require the automaker to raise prices of the model. "As a part of our commitment to excellence and despite our best efforts to mitigate the effects, the current circumstances require us to raise the prices for the Lexus ES 300h luxury sedan," he noted. Lexus India would like to assure its valued customers that the company is trying its best to minimise such hikes, against various cost pressures, Soni said. "This price adjustment is purely for the Lexus ES 300h and will be effective beginning July 1, 2023," he added. The ES 300h range starts from Rs 62 lakh (ex-showroom). In a separate statement, Lexus India said it has commenced deliveries of fifth-generation RX SUV in the country. The five-seater SUV was first showcased in India at the

Updated On : 30 Jun 2023 | 5:03 PM IST

Lexus India rolls out new LC 500H Luxury Coupe starts at Rs 2.39 cr

Lexus India on Thursday said it has launched announced the new LC 500H Luxury Coupe in the country priced at Rs 2.39 crore (ex-showroom). The company said the model now comes with all new instrument panels to the layout of the centre console, among others. "The transition to the new model of LC 500h is in sync with our commitment to designing products that offer unparalleled comfort and superior performance to our discerning guests," Lexus India President Naveen Soni said in a statement. The new enhanced LC will surely catch the imagination of luxury consumers with newer technology and design upgrades, he added. The automaker said it has teamed up with designers Abraham and Thakore to release limited edition jackets, featuring custom designs inspired by Lexus.

Updated On : 25 May 2023 | 6:37 PM IST

Lexus India looks to expand customer base to de-risk biz; expand sales

Luxury carmaker Lexus is looking to expand its customer base in India, enhance sales infrastructure as part of its strategy to grow sales in the country which is expected to see the premium segment return to pre-Covid levels this year, according to a top company official. The company, which is the luxury car arm of Japanese auto major Toyota, completed six years in India earlier this month and now plans to consolidate its position with a slew of measures to bring in additional volumes and growth. In an interaction with PTI, Lexus India President Naveen Soni said the company intends to increase sales contribution from professionals like doctors, architects, lawyers, pilots and people working in corporates, among others, in order to de-risk the business. Currently, a majority of the company sales in the country comes from people engaged in business activities, he noted. "Business class is the most important class which we serve in general...There can be some impact on exporters and .