Lexus LM ex-showroom price ranges from ₹2.2 Cr – ₹2.75 Cr (as of November 2026). The LM 350h 7Str VIP Hybrid (Base Model) is priced at ₹2.2 Cr. The LM 350h 4Str Ultra Luxury Hybrid (Top Model) is priced at ₹2.75 Cr. The on-road price of LM 350h 7Str VIP Hybrid in Magam starts from ₹2.5 Cr, while the LM 350h 4Str Ultra Luxury Hybrid costs ₹3.12 Cr on-road. Lexus LM is available in 2 variants with different features, specifications and pricing. Explore Lexus LM on-road price, ex-showroom price, EMI options and variant-wise pricing details. The table below provides variant-wise Lexus LM price details including ex-showroom price, on-road price and estimated EMI. On-road prices may vary depending on state taxes, RTO charges, insurance costs, registration fees and applicable local charges. Compare all available Lexus LM variants to understand differences in features, performance, specifications and overall value. EMI and finance options can help buyers estimate monthly ownership costs before making a purchase decision. Buyers considering Lexus LM can also compare prices, features and specifications with Toyota Vellfire, Toyota Land Cruiser 300, Lexus LX.
| Lexus LM Variant Name | Ex-showroom Price in Magam | On-road Price in Magam | Estimated EMI in Magam |
|---|---|---|---|
| LM 350h 7Str VIP | ₹2.20 Cr | ₹2.50 Cr | ₹472,213/mo |
| LM 350h 4Str Ultra Luxury | ₹2.75 Cr | ₹3.12 Cr | ₹590,137/mo |
Lexus LM ex-showroom price ranges from ₹2.2 Cr – ₹2.75 Cr.
Disclaimer: On-road price may vary by location. Please confirm the final price with the dealer.
₹2,49,82,599
₹2,19,69,000
₹19,77,210
₹8,14,199
₹2,19,690
₹1,000
₹1,500
Get EMI:Get EMI:Lexus LM 350h 7Str VIP hybrid automatic estimated EMI in Magam is ₹472,213 per month. The estimated EMI is calculated by GadiyaHub based on a 10% down payment and 90% loan amount, with a repayment tenure of 60 months (5 years) at an assumed rate of interest 9.5% per annum.₹472,213/mo
Calculate EMIOn-road price
₹3,12,21,390
₹2,74,62,000
₹24,71,580
₹10,10,690
₹2,74,620
₹1,000
₹1,500
Get EMI:Get EMI:Lexus LM 350h 4Str Ultra Luxury hybrid automatic estimated EMI in Magam is ₹590,137 per month. The estimated EMI is calculated by GadiyaHub based on a 10% down payment and 90% loan amount, with a repayment tenure of 60 months (5 years) at an assumed rate of interest 9.5% per annum.₹590,137/mo
Calculate EMIShowroom price: Lexus LM showroom price in Magam is the price at which the car is offered by the manufacturer through authorised dealers. It generally includes applicable taxes and the manufacturer's and showroom's profits.
On-road price is the price at which a customer receives the car from the dealer. Lexus LM on-road price in Magam includes showroom price, road tax, insurance, FASTag, hypothecation charges (if the car is bought on a loan) and 1% TCS (if the showroom price is more than ₹10 lakh).
On-Road
₹2,73,99,189
Ex-Showroom
₹2,19,69,000
On-Road
₹2,42,13,684
Ex-Showroom
₹2,19,69,000
On-Road
₹2,43,23,529
Ex-Showroom
₹2,19,69,000
On-Road
₹2,52,02,289
Ex-Showroom
₹2,19,69,000
On-Road
₹2,43,23,529
Ex-Showroom
₹2,19,69,000
The RTO code of Magam is JK-04.
A total of 1,01,681 vehicles have been registered at JK-04, including 8,186 registered in 2025 (as of 26 October 2026).
Private cars with white number plates bought in Magam are registered at ARTO-Budgam (RTO, JK-04), ARTO Office, New Bus Stand, Budgam, Jammu & Kashmir – 191111.
Explore everything about vehicle registration numbers, including how to get a VIP or Fancy Number, along with more details on RTO services, rules, and registration procedures in our RTO Information Guide.
Vehicle Registration Information
RTO CODE
JK-04
Vehicle registration code
AUTHORITY
ARTO-Budgam
Registration authority
LOCATION
Magam
Jammu And Kashmir
IMPORTANT INFORMATION
If your Aadhar Card, Family ID, Voter ID, or address proof shows a Magam address, your new vehicle registration (Cars, Bikes and Scooty, or Tractor) will be processed under JK-04.
The applicable RTA/registration code depends on your residential address and registration jurisdiction — not simply the location of the dealership.
REAL-LIFE SCENARIO
Purchasing from a dealer outside Magam? If you live in Magam, your vehicle will still be registered as JK-04.
BEFORE ACCEPTING DELIVERY
Carefully verify the name, address, vehicle model, variant, chassis number, invoice details and insurance information. Ask the dealer to correct any errors before completing the delivery or registration process.
REGISTRATION AUTHORITY
Magam, vehicle (Cars, Bikes and Scooty, or Tractor) registration code is JK-04 for Private vehicles with a white number plate.
RTO Code
Represents Magam registration jurisdiction.
Series
The applicable registration series.
Vehicle Number
Unique number from 0001–9999.
DELIVERY CHECKLIST
At the time of Lexus LM delivery, make sure to collect invoice(Xerox), insurance policy, Form 21(Sale Certificate), Form 22 (Road Worthiness Certificate), a copy of Form 20 and temporary registration Certificate. It is advisable to keep 2-3 copies of these documents especially for registration, insurance and finance related requirements.
COMMERCIAL VEHICLE USE
If you want to use your car, bike, or tractor for commercial work such as taxi or transport services, you must get a Commercial Registration (Yellow Number Plate) from the RTA.
RTO REGISTRATION
RTO
JK-04
RTO CODE
JK-04
Registration code
LOCATION
Magam
Jammu And Kashmir
REGISTRATION AUTHORITY
Magam vehicle (Cars, Bikes and Scooty, or Tractor) registration code is JK-04 for Private vehicles with a white number plate.
Magam RTA Code (represents Jammu And Kashmir state and Magam city)
Vehicle Registration Series
Unique Vehicle number (0001–9999)
IMPORTANT RULE
If your Aadhar Card, Family ID, Voter ID, or address proof shows a Magam address, your new vehicle registration will be processed under JK-04.
Remember
The RTA code depends on your residential address and registration jurisdiction — not simply the dealership location.
REAL-LIFE SCENARIO
Purchasing your vehicle from a dealer outside Magam does not automatically change your registration jurisdiction.
If you live in Magam, your vehicle will still be registered as JK-04.
DELIVERY CHECK
At the time of Lexus LM delivery, make sure to collect invoice (Xerox), insurance policy, Form 21(Sale Certificate), Form 22 (Road Worthiness Certificate), a copy of Form 20 and temporary registration Certificate. It is advisable to keep 2-3 copies of these documents especially for registration, insurance and finance related requirements.
COMMERCIAL USE
If you want to use your car, bike, or tractor for commercial work such as taxi or transport services, you must get a Commercial Registration with a Yellow Number Plate from the RTA.
OFFICE ADDRESS
Magam does not have a separate RTA Office. Vehicle registration for cars, bikes, and tractors in Magam is handled by ARTO-Budgam.
ARTO Office, New Bus Stand, Budgam, Jammu & Kashmir – 191111
The ARTO-Budgam registration authority provides vehicle-related services through the e-Disha Centre. Online VAHAN services can also be used for registration, fee payment and application status tracking.
Check your registration jurisdiction before completing vehicle delivery formalities.
Explore trusted vehicle information, ownership resources, expert guides, and essential services for a smoother vehicle journey.
