Lexus has been made in India? Yes, it is. Recently," made in india "lexus es300h has started to market. However, it is important to note that, Rather than building the Lexus ES at a new plant, India spent $100 million building a new assembly line at the Bandadi Bangalore Toyota plant.
In India, Luxury imported car tariffs up to 100%, in order to compete with luxury brands such as Mercedes-Benz, BMW, Audi and other luxury brands, Lexus chose to carry out local manufacturing to reduce tariff costs, and then increase the competitiveness of the local market.
Lexus sold about 600 vehicles in India for the full year of 2019, according to statistics. Such a volume is almost negligible compared with the volume of 200000 Lexus cars sold in China in 2019.
So when will Lexus, a big seller in China, build a factory in China?
In fact, as early as the end of 2018, China FAW official WeChat public's tweets "China FAW: build a successful example of win-win cooperation".Revealed the possible domestic plans of Lexus in the future. However, according to the three-step strategy described in the article, it is speculated that Lexus is far from truly implementing the domestic product, at least after 2023.
Compared with BBA, the significance of domestic Lexus is not great.On the one hand, after the tariff was reduced to 15%, the profits of Lexus increased; on the other hand, the hot-selling brand-new es, RX and NX are all produced in Japan's Kyushu factory, which is not far from China, and it only takes two days for sea transportation to Shanghai port.
In addition, after Lexus and FAW set up a joint venture, their profits will also be distributed to FAW Toyota, and the product quality will be more strictly controlled.
It is worth mentioning that the news that Lexus will be introduced by GAC, another Toyota Partner in China, is also one after another. As for when Lexus will be made in China, perhaps only time will tell.