Lexus Cars Are Now Cheaper By Upto Rs 20.80 Lakh - GST Rate Revision
KEY HIGHLIGHTS
- Lexus India announces price reduction across lineup
- LX 500d price to go down by up to 20.80 lakh
- The revised GST rates will come into effect from September 22
Lexus India has announced a price reduction across its entire lineup, fully passing on the benefits of the recent GST rate revision. From the ES to the flagship LX, prices have dropped as GST on luxury cars has been reduced from 48% to 40%. Let's take a look at how much each model has become more affordable. But before that, make sure to join our 91Wheels WhatsApp Channel to never miss an automotive update.
Also Read: Mercedes Cars Now Cheaper By Rs. 11 Lakhs- Courtesy Of GST 2.0!
Lexus India
Lexus India, the premium division of Toyota, has announced a price drop across its lineup as the revised GST rates bring down the tax on luxury cars from 48% to 40%. This 8% cut comes as a much-needed relief for buyers, especially since car prices have been climbing year after year, making it harder for new customers to step in. Let's take a look at how much more affordable these cars have become and their current ex-showroom prices. Do note, however, that the revised GST rates will come into effect from September 22.
| Model | Current Ex-Showroom Price | Reduction in Price |
| ES 300h | Rs 64,00,000 | Up to Rs 1,47,000 |
| NX 350h | Rs 68,02,000 | Up to Rs 1,58,000 |
| RX 350h | Rs 98,19,000 | Up to Rs 2,10,000 |
| RX 500h | Rs 1,21,00,000 | Up to Rs 2,58,000 |
| LM 350h | Rs 2,20,00,000 | Up to Rs 5,77,000 |
| LX 500d | Rs 3,00,00,000 | Up to Rs 20,80,000 |
Making the announcement, Hikaru Ikeuchi, President, Lexus India, said, "We sincerely thank the Government of India for this historic reform and are delighted to extend the full benefit of the GST rate reduction to our valued guests across the country. This initiative enhances accessibility and instils greater confidence in the luxury mobility space. Coming at the onset of the festive season, it will spark joy and create new opportunities for our guests to experience the Lexus range of vehicles.
At Lexus, every decision is guided by the spirit of Omotenashi - our unique approach to anticipating and fulfilling our guests' needs while delivering truly meaningful experiences. By extending these benefits in full, we celebrate this reform and reaffirm our promise to make Lexus ownership both memorable and deeply personal."
Also Read: Audi India Revises Prices After GST Rate Cut (2.0)
Verdict
The revised GST rates will take effect from September 22, and car sales are expected to blossom. The Indian automotive sector hasnt been able to recreate the same buzz it witnessed in 2022, and since then, several automakers - especially in the mass-market segment -have been struggling. However, Lexus has had an exceptional run even during these challenging times, with the LM 350h turning into a blockbuster.
In fact, last year the company had to stop accepting bookings as demand had already exceeded capacity. Moreover, its other models have also received a strong response, helping Lexus improve its market share in the luxury segment through 2024. With the revised prices, the brand is expected to gain even further momentum.
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