Honda Accord Hybrid
Japanese auto major Honda on Tuesday launched a hybrid variant of Accord, its premium sedan at Rs 37 lakh (ex showroom, Delhi). The new vehicle will compete with Camry Hybrid (price approximately at Rs 31 lakh) from its Japanese rival Toyota. This is the second hybrid from Honda in India. In 2008, it had launched the Civic hybrid but discontinued its sales within a year due to weak response.
"Hybrid is the technology for the future. In India, we are taking the current environmental concerns as our top priority. The Accord Hybrid is the most fuel efficient hybrid model in its segment," said Yoichiro Ueno, president and CEO at Honda Cars India. Honda said the vehicle, which runs on petrol, offers a fuel efficiency of 23.1 km a litre.
The price of the new car in markets outside Delhi will differ due to difference in taxation. In Delhi, electric and hybrid vehicles enjoy a lower value added tax of five per cent against the standard rate of 12.5 per cent. Hybrid vehicles also enjoy fiscal incentives from the central government.
The Accord was launched in India in 2001 and has registered cumulative sales of 27,000 units.