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Lexus Revisits Plans to Introduce Brand in India

Posted by Ttest on October 19th, 2014

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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Comments
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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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