Fuel prices soaring: Honda, Toyota bank on hybrid vehicles to draw in cost-conscious buyers - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Fuel prices soaring: Honda, Toyota bank on hybrid vehicles to draw in cost-conscious buyers

Maruti Suzuki, Toyota Kirloskar and Honda Cars India are banking on hybrids as a critical "bridge strategy" before Indian consumers migrate to complete electrification. These hybrid vehicles may come at a premium of 15-20% over conventional petrol cars, but may deliver 35-40% better fuel efficiency than petrol.

from Industry-Economic Times
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