Toyota to launch two luxury vehicles in Japan -Nikkei
03/02/2023 15:24
TOKYO, Feb 3 (Reuters) - Toyota Motor Corp 7203.T will
launch two higher-end luxury vehicles in Japan during the next
financial year as it seeks to capture a larger share of the
luxury car market, the Nikkei newspaper reported on Friday.
The automaker will introduce a luxury sport-utility vehicle,
the Toyota Century, in its home market sometime between August
and the end of March 2024, Nikkei said, citing anonymous
sources.
A Toyota spokesperson said the company could not comment on
its product plans.
The second luxury model is a minivan version of its Lexus
brand, the Lexus LM, Nikkei said, likely to go on sale in the
second half of the next financial year, which runs from April
through March 2024.
Toyota is aiming for all sales of its luxury Lexus brand to
be battery electric vehicles in Europe, North America and China
by 2030 and all of the brand's sales globally starting in 2035,
it said in December 2021.
In March of that year, the company said it planned to
introduce 20 new or improved Lexus models by 2025, of which more
than 10 would be electric.
(Reporting by Daniel Leussink;Editing by Elaine Hardcastle)
((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))