The all-new Lexus LS will be launched in Thailand next week at the 2017 Motor Expo. But before that happens, Toyota Motor Thailand has announced the new model’s prices.
Set to be available in three variants – LS350, LS500 and LS500h, the new generation Lexus LS will get a base price of THB 11.5 million for the entry-level LS350 Luxury. Moving one level up to the LS500 Executive, this model will set buyers back for THB 13.08 million. As for the range-topping LS500h, customers can pick between the Executive and Executive Pleat models, priced at THB 14.5 million and THB 15.83 million, respectively.
The base Lexus LS350 is powered by a 3.5-litre V6 that churns out 318 hp and 380 Nm, while the LS500h variants get a similar capacity engine, though outfitted with a pair of turbochargers. Thanks to the twin turbos under the hood, the LS500h outputs 415 hp and a massive 600 Nm of torque. All Lexus LS models feature a 10-speed automatic transmission.
In Thailand, the Lexus LS carries a price tag that is considerably higher than the BMW 7 Series and Mercedes-Benz S-Class, as the Thai excise duty penalizes engines larger than 3,000 cc. On top of that, the Lexus LS is also slapped with an 80% import duty. Both the German rivals cost less than THB 6 million.
Similar to Malaysia, Thailand also has tax incentives for hybrid models, in which locally-assembled models can enjoy a 5% excise duty, 10% if CBU.