News Contact Us

Japanese auto makers to reportedly launch hybrid cars in India by 2021

Author : Shikha Sinha | Published Date : 2019-02-04 

Indian government has assured to offer financial incentives for electric vehicles to hybrids as well

Japanese carmakers more focused on developing hybrid vehicles owing to higher fuel-efficiency and low carbon emissions

Japanese auto giants Honda Motor Co., Suzuki Motor Corp. and Toyota Motor Corp. have started the development of strong or full hybrid vehicles for Indian roads and are planning to launch them by 2021 year end, stated reliable sources with knowledge on the matter.

The carmakers have seemingly been encouraged by the assurance of the Union government that there would be no differentiation between electric and hybrid cars while providing financial incentives to the manufactures of eco-friendly vehicles. Sources said the companies can be initially expected to offer locally produced midsize sedans with hybrid technology.

Reports indicate that companies from Japan have mostly been focused on petrol-electric hybrid cars, even though worldwide demand for battery-powered electric vehicles is growing. The automakers have combined forces to lobby the government of India for extending the financial incentives offered on electric cars to hybrid cars as well, the sources mentioned, citing the superior fuel-efficiency of hybrids as compared to diesel and petrol vehicles.  

Sources added that the Indian government is aiming to promote local production of lithium-ion batteries, to be utilized in both electric and hybrid vehicles, for curbing the rising pollution in cities. Under a partnership to develop hybrid cars for India, Suzuki and Toyota have begun developing a common platform called GAC, largely being developed by Toyota. GAC would supposedly be used by both companies to make their respective hybrid models for India as well as other markets.

Further from the sources, Honda has also recently unveiled its plans to launch hybrids in India, with its first full hybrid reported to be the next generation Honda City, a midsize sedan. The diesel and petrol options of the next-generation City would allegedly be introduced in India by 2020, with the hybrid variant planned for 2021. Experts believe bringing in hybrid technology through its most popular product is a sensible move by Honda.

About Author

Shikha Sinha

Shikha Sinha

Shikha Sinha currently pens down content for fractovia.org, a news platform which provides the latest business highlights and industry trends. Shikha also is a contributor on various other online media websites where she writes informative, research-oriented content spanning the retail, healthcare, F&B, and technology sectors. As her first stint in writing, Shikha was an active contributor on Yahoo Voices where she penned down creative and imaginative pieces. She holds a Bachelor of Technology degree in Electrical and Electronics Engineering. She can be contacted at- [email protected] | https://twitter.com/shikhas999

Related News

Clio raises $250 million in a Series D funding by TCV and JMI Equity

Published Date: 2019-09-06         Author: Shikha Sinha

The cloud-based legal technology startup hits a historic mark in future of legal industry with this investment. Clio, a leading legal software company has recently announced that it has bagged US$250 million in Series D funding from American equity firms JMI Equity and TCV. According to sour... Read More

Co-working firm Spacious the latest in WeWork’s acquisition spree

Published Date: 2019-08-29         Author: Shikha Sinha

New York-based co-working business, The We Company, formerly known as WeWork, has today announced its acquisition of rival start-up Spacious. The company, formed three years ago, is focused on converting restaurants closed during the day into efficient spaces for co-working. WeWork is a part of many... Read More

SoftBank in talks to invest $150M in Dailyhunt and $400M in Lenskart

Published Date: 2019-08-27         Author: Shikha Sinha

SoftBank is expected to lead a $250 million round with private equity major Carlyle for Dailyhunt   South American conglomerate Synergy Group also hopes to invest in India’s Jet Airways. SoftBank Group Corp., a Japanese multinational conglomerate, is reportedly in talks to clo... Read More

© 2021 Fractovia. All Rights Reserved