Toyota Tundra vs Lexus Lm350H

What's the difference?

VS
Toyota Tundra
Toyota Tundra

$155,990 - $172,990

2026 price

Lexus Lm350H
Lexus Lm350H

$140,990 - $209,990

2024 price

Summary

2026 Toyota Tundra
2024 Lexus Lm350H
Safety Rating

Engine Type
V6, 3.4L

Inline 4, 2.5L
Fuel Type
-

Premium Unleaded/Electric
Fuel Efficiency
0.0L/100km (combined)

5.5L/100km (combined)
Seating
5

7
Dislikes
  • Purchase price
  • Narrow sidesteps
  • Rear seat headroom for tall people

  • Third row suits two people not three
  • Limited luggage space
  • It’s an expensive people mover
2026 Toyota Tundra Summary

The Toyota Tundra, made in America for Americans, was launched in 1999 and since then Toyota Australia has fielded a steady stream of enquiries from car buyers and automotive media about the possibility of its full-size US pickup being available in local showrooms.

Production of RHD Tundras at Toyota’s San Antonio plant in Texas never stacked up as a viable business case for Toyota until 2015, when the Walkinshaw Automotive Group (WAG) commenced OEM-certified right-hand-drive remanufacturing of Ram pick-up trucks (and later Chevrolet Silverados) in Melbourne.

This development finally opened the door to an ‘Australianised’ version of the Tundra, which went on sale late last year after a six-year joint development program with WAG that was a world-first for Toyota.

The Tundra’s local two-model range comprises the entry-level Limited and the new top-shelf Platinum grades, with more power and torque than local ‘1500 class’ US pickup rivals. So, we recently put the fresher Premium model to work for a week, to see how it measures up from a tradie’s perspective.

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2024 Lexus Lm350H Summary

Most people that are wealthy enough to be ferried around in a car or limo choose a long luxurious sedan like a Mercedes-Benz S-Class, BMW 7 Series or a Lexus LS. Of course, there are now also SUVs that are used for the same purpose.

But what about a plush people mover? There are very few of these available in Australia and they don’t sell in huge numbers. But Lexus believes there is a market for such a model and it has just launched the big and bold LM. The hybrid-only range is a unique proposition and the LM should hold appeal for limo and tourism operators, and larger cashed-up families

This initial launch drive was a slightly different format to usual. Given the intended use of the lounge-like model, Lexus arranged for us to be collected in the LM by a chauffeur and ferried from Melbourne to the Mornington Peninsula. From there we got behind the wheel for a brief drive, but many of my impressions will focus on the passenger cabin experience.

Note too that the LM500h does not land until early 2024, so we only sampled the LM350h AWD.

So jump aboard and let’s see if this Lexus can do everything the LS can do - and maybe even a little bit more.

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Deep dive comparison

2026 Toyota Tundra 2024 Lexus Lm350H

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