Government Initiatives and Market Dynamics Point Towards More Affordable Hybrids in India
In the realm of India’s automotive industry, the trajectory towards electrification has predominantly centred on battery electric vehicles (BEVs), often bypassing hybrid technology. However, global giants such as Honda, Toyota, and Maruti, leveraging Suzuki’s technology, have introduced hybrid models in recent years, albeit with a considerable price premium compared to their combustion engine counterparts.