Lexus India, a luxury car manufacturer, recently announced a price increase across its model range. Due to increased input costs and the consequence of forex fluctuations, Lexus will raise the pricing of its hybrid electric models the LC 500h, the LS 500h, the NX 350h, and the ES 300h by up to 3.2% percent. This change will take effect on January 1, 2023. Lexus already offers an extensive range of hybrid electric vehicles in India, including the LC 500h, the LS 500h, the NX 350h, the ES 300h, and the all-new RX, which will be revealed for the booming Indian market at the 2023 Auto Expo, to be held in January 2023.
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Speaking on the occasion, Naveen Soni, President of Lexus India said, “We will continue to provide value to our guests through the amazing Lexus experiences during the guest’s ownership period and with our dedication to crafting a better tomorrow. This price hike is affected due to rising input costs & currency fluctuations. While Lexus India will continue to provide unmatched experiences through the Lexus life program, it has kept the price hike impact as minimal as possible for its discerning guests."
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Lexus states that it hopes to give incredible experiences to its guests across India through its physical presence in 13 locations with 15 guest touch points and the recently developed Lexus Virtual Dome - a cutting-edge virtual guest experience centre featured on the Lexus India website.