HYBRID CARS
EV race: Are hybrid vehicles getting in the faster lane?
The Indian car industry is at a crossroads in its journey towards an all-electric future, with the possibility of a hybrid transition. Uttar Pradesh's move to waive registration fees on strong hybrid and plug-in vehicles has sparked a debate among automakers about the future of green mobility.
UP gives Maruti a head 'start' in strong hybrids
Maruti Suzuki India saw a nearly 7% surge in its stock price following Uttar Pradesh's decision to waive registration levies on strong hybrid and plug-in vehicles. This move, aimed at promoting greener mobility choices alongside electric cars, is expected to reduce ownership costs by 10%. Maruti, already a leader in the strong hybrid category, stands to benefit significantly. This policy shift reflects a broader trend among states to incentivize alternative technologies like biofuels and hybrids, aiming to make them more attractive and cost-effective compared to traditional petrol vehicles.
UP tax sops recognise hybrid vehicles importance in cutting emissions, says Maruti
Maruti Suzuki India Chairman RC Bhargava on Tuesday highlighted the Uttar Pradesh government's new policy offering a 100 per cent registration tax waiver on hybrid vehicles. This initiative is designed to reduce carbon emissions and decrease oil imports. Reports indicate that this waiver will lower the prices of hybrid vehicle models by up to Rs 3.5 lakh.
Commendable move by UP govt; will lead country faster towards clean energy and transportation: RC Bhargava, Maruti Suzuki
And Maruti has always been saying that the government must encourage all these technologies, adopt alternative routes in addition to electric cars to get to our goals in the area of emission and substitution of imported oil.
Big savings for car buyers: Uttar Pradesh government scraps registration tax on strong hybrid cars
Uttar Pradesh waives hybrid car registration tax, benefiting Maruti, Toyota, and Honda. Customers save Rs 3.5 lakh on strong models like Maruti Grand Vitara, Toyota Hyryder, Innova Hycross, and Honda City hybrid. EV exemptions announced last year with a five-year in-state benefit.
Demand for hybrid vehicles on the rise across the US; here are the best deals being offered
There is a growing demand for hybrid vehicles across the US. Many of the companies are offering discounts on these vehicles. The demand for EV vehicles is decreasing due to many challenges associated with it.
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Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
EU electric car sales drop in May as German demand slumps, industry says
Sales of new battery-electric cars in the EU dropped 12% in May, led by a 30% plunge in Germany. The EU imposed provisional duties on China-made EVs, affecting Tesla's Model 3 price. Elon Musk's company recorded a 34.2% drop in May sales.
Ferrari's first electric car to cost over $500,000, source says
The Italian brand, Ferrari, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it, even as mass-market rivals are slashing electrical vehicle (EV) prices amid faltering demand.
How a tax sop has created a divide in India's motown
Indian automakers are at a crossroads as they navigate the shift from internal combustion engines to electric vehicles. Consumers are showing a preference for hybrids over EVs, sparking debate among automakers. The government's proposed tax reduction for hybrids has divided industry leaders, with some advocating for incentives solely for electric vehicles. The potential impact on sales volumes and climate goals is a central point of contention.
Hyundai has the same fear like Tata Motors & Mahindra about petrol, diesel cars
Hyundai has joined Tata Motors and Mahindra & Mahindra in opposing tax breaks for hybrid vehicles in India, arguing it could disrupt the market for petrol and diesel cars. Japanese carmakers support lower taxes on strong hybrids, citing emissions reduction and fuel efficiency benefits. The debate underscores the auto industry's shift towards more sustainable technologies.
Hybrids likely to outrun EVs soon in market share battle
Sales of hybrid cars and SUVs are rising, challenging electric vehicles. HEVs offer better fuel efficiency. Japanese companies and emission standards impact automakers' strategies.
BYD says to build second EU factory despite EV slowdown, to make hybrid cars
Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP. Stella Li, vice president for Europe and the Americas, also shrugged off a European Union probe that could lead to tariffs on Chinese EVs. "When your competition worries about you, that means that you're super good," Li said in an interview Thursday at the Top Marques auto show in Monaco. That means that Chinese cars have a good quality and are very competitive, accessible," Li said.
Motor racing: F1 unveils 'nimble' car for new era starting in 2026
Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics. The FIA presented the technical regulations for the new generation of 'nimble' cars, aiming for better efficiency and handling. FIA president Mohammed Ben Sulayem hailed the unique revision to make the championship more relevant and attractive.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
Hybrid vehicles aren't just bridge to EVs, Ford chief says
Ford CEO Jim Farley emphasized the importance of hybrid vehicles as a long-term solution rather than just a transitional technology during a recent Bernstein analyst conference. Farley expressed his belief that plug-in hybrids may become irrelevant in the near future, but extended-range hybrids will play a crucial role in the industry's future. Despite the surge in demand for hybrid vehicles over the past year, automakers have been scaling back on their electric vehicle (EV) investments.
BYD launches new hybrid vehicle tech that promises 100 km with just 2.9 litres fuel
BYD in China launches latest plug-in hybrid technology achieving record low fuel consumption of 2.9 litres per 100 km. Unveiled by Chairman Wang Chuanfu in Xian, Shaanxi province, site of BYD's first automaking factory.
Japan's Toyota shows 'an engine born' with green fuel despite global push for battery electric cars
Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.
Hybrids catching up fast with EVs; Maruti, Toyota driving growth
Sales of hybrid transmission cars and SUVs are rapidly increasing, challenging electric vehicles in market share. Maruti Suzuki and Toyota offer popular models in this segment, with hybrid vehicles capturing 2.48% of the passenger vehicle market in Q1 2024.
India leads in electric vehicle sales amid global slowdown
Global electric vehicle sales growth faces challenges like capital costs and election uncertainty. US EV sales outpaced Europe, where EV sales declined due to Easter holidays. Germany saw a 29% drop in EV sales, while India's EV market share doubled to 4% in 2023.
Will this be the Maruti Suzuki Wagon R Electric?
Suzuki files patent for eWX, speculated as electric WagonR for India showcased at Auto Expo 2023. Features tall boy design, closed-off grille with C-shaped light clusters, plastic cladding, yellow highlights, and 230 km range on full charge. Maruti pursuing hybrid vehicle plan, working on Series Hybrid engine, plans for smaller hybrid cars and Swift.
Japanese automakers least prepared for EV transition: Think-tank
The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%), with Toyota, Mazda and Suzuki all receiving the lowest performance, says InfluenceMap in its latest report titled, “Automakers and Climate Policy Advocacy: A Global Analysis.
Bad news for hybrid car buyers, good for EV sector: GST Council may not give tax relief for hybrid cars in next meeting
The govt may not discuss tax concessions for hybrid cars in the next GST Council meeting, affecting companies like Maruti Suzuki and benefiting electric car makers like Mahindra and Mahindra. Transport minister Nitin Gadkari had requested a GST reduction on hybrid cars to 12%.
Consumers bend the road: No straight drive from ICE to electric
The transition from internal combustion engine (ICE) vehicles to electric vehicles faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
Japanese auto giant Toyota posts record net profit
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.
Hyundai plans to launch its first hybrid car in India in 2026, says EVs long-run strategy
The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans.
Suzuki making smaller hybrid cars for India with much better mileage: Maruti chairman
Japanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, Maruti Suzuki Chairman RC Bhargava revealed. Speaking to reporters after the announcement of Maruti's Q4 earnings on Friday, Bhargava highlighted that the costs of the technology used in Toyota hybrids are still high, resulting in expensive cars. He emphasized the need for a cost-effective hybrid car and mentioned that Suzuki Japan is developing smaller hybrid car technology.
Ford slows its push into electric vehicles
Ford and other automakers delay electric car plans, focusing on hybrids due to sales challenges. Consumers prefer hybrids for easier fueling. Ford aims to offer hybrid versions for all its models.
In the green race, auto companies hop on powertrains
Car companies in India are adapting to a mix of powertrain technologies, including petrol, hybrids, and electric, to meet policy initiatives and changing preferences. The market demands diverse options for cleaner and sustainable transport solutions, driving competition and innovation.
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