The car will become the new flagship of the Toyota SUV range, although it won't be coming to the UK or Western Europe.
Customers will be able to choose from two brand new twin-turbocharged V6 engines, a 3.5-litre petrol and a 3.3-litre diesel, which the manufacturer says will deliver “class-leading performance and driveability superior to a conventional V8”.
A ten-speed automatic gearbox will also be available, which Toyota says reduces fuel consumption and CO2 emissions by 10% over the previous-generation model.
New electronic 'kinetic dynamic' suspension has been fitted, mated with a multi-terrain select system, along with some additional assist systems, including pre-collision detection and a new parking support brake.
This is the first Land Cruiser model to make use of the new Toyota New Global Architecture (TNGA). The Japanese company says this platform will improve performance both on and off road, with “new benefits in terms of body rigidity, strength and dynamic balance”.
Despite the new platform, the Land Cruiser 300 maintains the same dimensions of the current model, including overall length, width, wheelbase and departure and approach angles, but is 200kg lighter than its predecessor.
More than 10 million Land Cruisers have been sold across 170 countries since the original was launched in 1951. The new model will go on sale this summer.