Honda Cars India plans on introducing the all-new Accord Hybrid on October 25, 2016. The new hybrid vehicle from the Japanese manufacturer will be imported as a Completely Built Unit (CBU). Unfortunately, the Honda Accord Hybrid does not receive FAME Scheme incentives.
Under the hood, the Honda Accord Hybrid will be powered by a 2.0-litre four-cylinder, i-VTEC petrol engine. The engine is assisted by a 1.3 kWh battery for its twin electric motor. The combined power output is 184bhp, along with 315Nm of torque, and Honda has mated this engine to an E-CVT.
The direct rival to the Honda Accord Hybrid is Toyota's Camry Hybrid model. The Camry Hybrid is locally assembled in India, which lowers taxes and includes the vehicle with incentives. The Honda Accord Hybrid does not receive this benefit, which would directly affect final pricing.
We expect the Honda Accord Hybrid to launch with a sticker price of Rs. 40 lakh ex-showroom. The Toyota Camry Hybrid bears a price tag of Rs. 34.88 lakh ex-showroom (Mumbai). Price disadvantage could affect sales of the Honda Accord Hybrid in the Indian market.
As of now, there is no information if Honda would introduce a regular petrol only Accord for the Indian market. Honda Cars India is not targeting high volume numbers with the Accord Hybrid. As of now, dealerships have commenced accepting bookings of the Honda Accord Hybrid.