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Hyundai's Hybrid Revolution Set To Hit India — Electrifying Times Ahead
Hyundai is eyeing the hybrid car market in India and will launch the Hyundai Ioniq during the 2018 Auto Expo.
South Korean carmaker Hyundai is gearing up to launch hybrid vehicles in India by 2018. To make the best of the hybrid vehicle market, Hyundai will introduce the Ioniq in 2018, along with mild hybrid powertrains for some of its cars and SUVs in India.
Hyundai, having established itself in India, is looking to battle air pollution by introducing hybrid vehicles, and also make the most of the government incentives and benefits for such vehicles. The Hyundai Ioniq will be launched in India during the 2018 Auto Expo.
The Hyundai Ioniq will be sold in India as a Completely Knocked Down (CKD) unit and will butt heads with the Toyota Prius, which is priced at Rs 39 lakh ex-showroom (Delhi).
Y K Koo, the Managing Director and CEO of Hyundai India told PTI that Hyundai would introduce mild hybrid systems for the company's compact cars and SUVs. Koo also said that introducing a full range of hybrid vehicles will be expensive for mass sellers.
The current excise duty levied by the government on hybrid vehicles is 12.5 percent, which is the same as what small cars have to pay. This is in a bid to promote alternate fuel vehicles. Bigger, conventional cars and SUVs attract 24 to 30 percent excise duty.
Between 2017 and 2020, Hyundai is looking to introduce a total of eight products for the Indian market, out of which three will be totally new models, while the others will be updated or facelifted versions of the existing Hyundai lineup.
Speaking of new launches, the updated Hyundai Verna made its global debut and the India launch will take place soon. Until then, the new 2017 Hyundai Verna is pictured in the image gallery below.