Mexican Media Brands
Lexus Ponders Assembly Plant in India
The head of Toyota Motor Corp.’s Lexus luxury car unit tells The Economic Times that the brand is studying a plan to establish production in India.
#economics
Share
The head of Toyota Motor Corp.’s Lexus luxury car unit tells The Economic Times that the brand is studying a plan to establish production in India.
President Yoshihiro Sawa says that steep import tariffs and additional taxes for imported hybrid vehicles make local production a compelling option. ET notes that import duties exceed 100% compared with fees of 30%-40% for domestically produced vehicles.
Lexus entered the Indian market this year with three hybrid sedans and crossover models imported from Japan. The brand has established an initial sales network of four dealerships in the country. Sawa describes the effort as a “good start.” But Lexus would need more sales outlets and considerably greater volume to justify local production.
Lexus currently assembles vehicles in Japan and the U.S. The brand had planned to launch production in China but in 2015 delayed doing so until at least 2018.
RELATED CONTENT
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
