Hybrids are getting more popular and selling almost as much as electric cars (EVs). Maruti Suzuki and Toyota are leading this growth by offering many popular hybrid models.
In the first three months of 2024, hybrid vehicles made up 2.48% of the total car market, while EVs had a slightly bigger share at 2.63%. With strong demand and more carmakers like Hyundai and Kia possibly joining the hybrid market, some experts think hybrids could sell more than EVs this year.
Apart from Maruti Suzuki and Toyota, only Honda sells hybrid cars in India. These cars have both an electric motor and a regular engine, which makes them more eco-friendly and fuel-efficient.
One thing that makes hybrids stand out is their improved fuel efficiency. While EVs are popular for being green, they still have limited charging options, especially outside cities. Toyota is the top hybrid car seller in India. Their self-charging hybrid technology lets cars run on electricity, fuel, or both. These “strong hybrids” can run 40% of the distance and 60% of the time on electricity, with the engine staying off. This makes them 40-50% more fuel-efficient, cheaper to run, and reduces carbon emissions.
“It’s great to see the positive trend for hybrid cars and more people accepting them as a practical choice for now,” said Vikram Gulati from Toyota Kirloskar Motor. “This will help us move smoothly towards a cleaner, carbon-free future.”
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
