Lexus to hike price of ES 300h sedan

New Delhi: Luxury carmaker Lexus India on Friday said it will increase prices of ES 300h sedan range by up to 2 per cent from next month in order to offset rise in input costs. In a statement, Lexus India President Naveen Soni said the current circumstances require the automaker to raise prices of the model. "As a part of our commitment to excellence and despite our best efforts to mitigate the effects, the current circumstances require us to raise the prices for the Lexus ES 300h luxury sedan," he noted. Lexus India would like to assure its valued customers that the company is trying its best to minimise such hikes, against various cost pressures, Soni said.