In the Rs 50 lakh and above PV market, the SUV segment accounted for the maximum share, at 22,678 units (58.62 percent), followed by sedans at 14,494 units (38.63 percent), and MPVs at 565 units (1.46 percent), as per JATO Dynamics India
According to sources, the Indian unit of the Japanese luxury carmaker is exploring the feasibility of bringing other models from its global portfolio to India and one of them is expected to be LBX
Lexus India will be offering the LM 350h, which is powered by the 2.5-litre, 4-cylinder petrol hybrid powertrain that puts out 247 BHP of maximum power and 239 Nm of torque. The price for the model is not revealed yet
The luxury car industry in India was peaking in 2018 with around 40,000 units a year but came down to 20,000 units in the next two years due to the Covid-19 related disruptions.
The RX is a fifth-generation, hybrid, five-seater luxury car with striking design and advanced technology
In a statement, Lexus India President Naveen Soni said the current circumstances require the automaker to raise prices of the model.
With the addition of SUVs in their EV or electric vehicle line-up, most high-end carmakers foresee 15-25 percent of their overall sales coming from non-ICE or internal combustion engine models
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The car is said to usher in a new era of luxury in India. The price of Lexus RX starts at Rs 95,80,000 for the RX 350hPanasonic and Rs 1,18,10,000 for the RX 500h-Panasonic
This is thanks to unprecedented demand for embedded telematics as car buyers seek higher levels of safety, comfort and convenience while driving their vehicles.
As demand for the luxe Lexus brand has seen strong growth over the years, the company plans to scale up its distribution to at least 25 cities in the coming year.
The domestic luxury car volumes stood at around 40,000 units in 2019, the best ever dispatches recorded by the industry in a year so far.
Ushering in a new era of luxury, the company is embracing intuitive technology, performance, design, and electrification through this model, the company said in a statement.
Lexus India President PB Venugopal talks about the brand’s future plans, pumping-up localisation efforts and partaking in the electric vehicle revolution.