Lexus Electric Cars in India

Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year.

Toyota has possibly one of the widest range of Hybrid cars available on the market today and for the longest time, Toyota management has stuck to its guns saying it's buyers and dealers do not need an electric car and are happier with hybrid tech. That said, with the world moving swiftly towards electric mobility, the automaker does need to make its presence felt. And with most automakers, Toyota might be looking at a top down approach. Lexus, the luxury arm of the Toyota Group has recently filed a patent for the name 'UX300e' hinting at the first ever all-electric model from the carmaker.