The Uttar Pradesh government has announced a waiver in registration fees for powerful hybrid cars in the state, which comes as a major relief to car buyers as the on-road prices of these vehicles will now come down drastically.
The vehicles that are benefiting from this decision are Maruti Suzuki Grand Vitara & Invicto, Toyota Urban Cruiser Hyryder & Innova HyCross and Honda City e:HEV. It is not yet clear whether this exemption will be applicable to luxury hybrids like Camry, Vellfire and Lexus models, but a Toyota dealer was seen advertising price cuts on the Camry.
The prices of Maruti Suzuki hybrids have come down by Rs. 2.88 Lakh, while for Toyota hybrids the price cuts range from Rs. 2.04-3.11 Lakh. For Honda City, the price cut is a little over Rs. 2 Lakh as well. These are very significant savings and make hybrid cars more affordable now.
We spoke to Honda and they welcomed this decision by the UP Government. Kunal Behl, VP, Marketing & Sales, Honda Car India, said that this decision will help attract more customers to join India’s green mobility vision by opting for hybrid cars in a more affordable way.
Maruti Suzuki India Limited’s share price also rose over 5% following this news.
Let’s take a look at the fuel efficiency figures claimed by these hybrid cars –
Innovate and Undefeated | 23.24 km/l |
Grand Vitara and HyRyder | 27.97 km/l |
City and:HEV | 26.5 km/l |
How many of you are planning to buy a hybrid in the near future?