lexus which is the luxury car arm of japanese auto major toyota has been mandated to take the frontrunner role within the group in electric technologyluxury carmaker lexus from next year is looking to foray into the used car business in india having now completed six years in the market according to a top company official the japanese carmaker which currently sells its product range through 23 touch points aims to transition some of the sales outlets to also cater to the preowned car vertical known for its selfcharging hybrid cars lexus is now gearing up to roll out its first electric model in the country by 2025 advt in an interaction with pti lexus india president naveen soni said the automaker is now seriously considering the introduction of a structured preowned car programme he noted that the company will initiate the programme in select outlets after taking into account the business viability of the dealer partner so i think very soon by the third quarter or maybe next year beginning i should say he stated when asked about the timeframe the company was looking to get into the used car segment soni stated that the automaker is studying the market very keenly for us the starting point would be cities where there is a sizable vehicle park he added soni noted that the company started selling vehicles in the country six years ago and there may be customers now who may like to sell their cars and upgrade to a new set of wheels so i think the time is ripe for at least some centres to transition into standalone used car outlets he stated the company is also considering giving a short buyback scheme so that the consumer gets confidence soni said when asked about the companys electric vehicle strategy he noted that the company had brought in a few vehicles last year to test them in the diverse climatic conditions as well as get customer feedback advt so weve got very good information about the behaviour pattern in these markets like summer conditions testing conditions desert conditions all that has gone back to japan hopefully by 2025 we should have our first ev product coming to this country soni said lexus which is the luxury car arm of japanese auto major toyota has been mandated to take the frontrunner role within the group in electric technology lexus aims to go fully electric by 2035 commenting on the sales outlook soni noted that the company is on the verge of surpassing its last years volumes by julyend this year he noted that 2023 would turn out to be the best year for the luxury car segment in india surpassing the peak achieved in 2018 by the end of july we would have done the same business as we did the entire last yeardefinitely will overtake the previous highesti think we should do between 42000 to 45000 as an industry this year soni said the luxury car industry in