A Toyota executive has promised the upcoming Land Cruiser 300 will be “a whole lot better” than the model it replaces.

Reports have suggested the Japanese firm will cease production of the V8-powered Land Cruiser 200 by March 2021, with the next-generation Land Cruiser 300 tipped to hit initial markets the very next month.

Sean Hanley, Toyota’s sales and marketing boss in Australia, told motoring.com.au the new model would be “better” than the outgoing one, despite rumours of a switch to smaller-capacity engines.

“Whatever we do with Land Cruiser, it will not be any less capable than what they have had in the past,” Hanley told the publication.

“In fact, if anything it will be a whole lot better. I think people will understand that. Every Land Cruiser we have brought out has always been better than the previous one. I have no doubt that will continue.”

Still, Hanley would not be drawn on specifics.

“We have no announcements in relation to new models and what they do or don’t have,” he said.

“But what I will stress to consumers who are watching this area closely is that Land Cruiser will continue to be and continue to represent everything important to Land Cruiser.”

The upcoming Land Cruiser 300 is expected to debut a new 3,3-litre V6 turbodiesel engine (which rumours suggest will eventually power the upcoming GR Hilux, too). The oil-burning powerplant is tipped to be joined by a twin-turbo 3,5-litre V6 petrol engine (depending on the market, of course), with an electrified version of the latter likely to follow at a later stage.

In addition, Toyota is widely expected to ditch the 243 kW/460 N.m 4,6-litre V8 petrol engine employed by the outgoing model in some markets.