National, 6th May 2024 — Since its inception in the Indian market in 2017, Lexus has charted a path of substantial growth, winning over customers with its blend of luxury and innovation. Over the past seven years, Lexus has fine-tuned its understanding of customer expectations, launching models that not only meet but exceed these demands. The company now boasts an impressive array of vehicles tailored to the needs of its discerning clientele, including recent additions like the NX350h Overtrail, RX500h, and the LM MPV.
The fiscal year 2023-24 was particularly remarkable for Lexus, recording a 63% growth compared to the fiscal year 2022-23. Continuing this trend, Lexus kicked off the fiscal year 2024-25 with a 60% increase in April 2024 alone, compared to April last year. The NX350h lineup, especially the new Overtrail grade, which features cutting-edge connected technology such as the Data Communication Module, has been met with enthusiastic reception, with deliveries beginning in April 2024. The flagship model, the Lexus ES300h, also continues to play a pivotal role in strengthening the brand’s presence in India. Proudly carrying the “Made in India” tag, the ES300h exemplifies the brand’s commitment to high-quality craftsmanship and growing acceptance in the market.
Tanmay Bhattacharya, Executive Vice President of Lexus India, commented on the milestone, stating, “The year 2023-24 marks one of the most successful periods in our seven-year journey in India. The positive reception from our patrons not only reinforces the trust in Lexus but also highlights our commitment to excellence.” He added, “With unique and innovative features, our models continue to captivate those in the luxury segment, and we are grateful to our customers for their continued support. Our focus on innovation, craftsmanship, and sustainability is driving us toward a future where luxury and sustainability are intertwined, enhancing lifestyles and promoting a greener future.”
Lexus’s ongoing success and commitment to the Indian market signal a promising future, setting the stage for further innovations and growth in the luxury automotive sector.
