On its tenth anniversary of selling premium cars in the country, Honda Siel Cars will launch India's first hybrid car - the Honda Civic hybrid that runs on both electricity and petrol. The hybrid variant to be sold in India will attract an import duty of 114%.
The benefit of the excise duty cut from 24 per cent to 14 per cent will be proportional to the localisation content. While the average price of a non hybrid Civic is pegged at Rs 12 lakhs, Honda says the price of the Civic hybrid is yet to be finalised. The hybrid variant is 60 % more fuel efficient. The company has not indicated sales number for the new car.
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