India

Lexus Revisits Plans to Introduce Brand in India

Lexus has recently revived its plans to introduce the brand to India, where the luxury car market is booming due to a growing economy.

The brand has been looking to enter the Indian market since 2007, but halted plans in 2012 due to high import taxes and a slow automotive market.

Cars imported to India can be taxed up to 160%, but despite the high duty, Lexus has no plans to produce vehicles locally.

[Source: Economic Times India]

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    Ayo DocMkize
  • October 19, 2014
Well with China looking being an unstable market for Lexus , India should prove profitable once their resolve the import taxes.
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    Lexus Cohen
  • October 19, 2014
Keep expanding LEXUS. The market where I definitely want them to dominate is jamaica, the german three are doing extremely well there and LEXUS should take a chunk of that pie.

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