Honda Siel to Introduce Hybrid in India
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.
By the last quarter of 2009 the maker of premium cars will introduced its hatch back compact car - Jazz - in the country.
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