Lexus reports 63% growth rate in FY24

Lexus has achieved a growth rate of 60% in April 2024.

06 May 2024 | 4739 Views | By Autocar Professional Bureau

Lexus reported a growth rate of 63% in fiscal year 2023-24 as compared to the previous fiscal year 2022-23. 

Building on this momentum built in the last year, Lexus has continued its journey into 2024-25, achieving an impressive growth of 60% in April 2024 compared to the same period last year, the press release noted. 

NX350h line-up including the new grade Overtrail with ease of connected technology like the Data communication module has received a positive response and deliveries have started in April' 24.

Alongside NX350h Overtrail, our flagship model, the Lexus ES300h, remains a cornerstone of the brand's growing popularity in India. 

Tanmay Bhattacharya, Executive Vice President, Lexus India, said, "The year 2023-24 stands as one of Lexus's most successful performances in our seven years of presence in India. With distinctive and innovative features, Lexus models continue to enchant discerning guests in the luxury segment."

"Our dedication to setting new benchmarks in innovation, craftsmanship, and sustainability propels us towards a future where luxury and sustainability seamlessly coexist enriching lifestyle," he added. 

RELATED ARTICLES

Tata Motors Eyes Single-Digit Growth for CV Industry in FY27 Amid Macro Headwinds

Shahkar Abidi 13 May 2026

The commercial vehicle manufacturer anticipates single digit industry growth for the upcoming fiscal year as rising comm...

West Asia Crisis Hits Tata Motors’ Exports to SAARC & North African Markets; Sri Lanka Among the Worst Affected Regions

Prerna Lidhoo 13 May 2026

The commercial vehicle manufacturer reported a 54 percent rise in full year export volumes despite the West Asia conflic...

Tata Motors Says No Plan to Fully Pass on Commodity Cost Surge to Customers Amid West Asia Headwinds

Prerna Lidhoo 13 May 2026

The commercial vehicle manufacturer plans to absorb a portion of rising commodity costs to protect domestic sales moment...

Tags: Lexus
NEXT STORY