~ Auto Buzz ~: Lexus Revisits Plans to Introduce Brand in India

Monday, 20 October 2014

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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