US Top News and Analysis | Step aside Tesla, BYD: Japanese carmakers deepen their hold on India's auto market with hybrids
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Hybrid vehicles are rapidly overtaking pure electric cars in India, projected to make up about 10 % of total car sales by the fiscal year ending March 2027 versus only roughly 5 % for EVs. Hybrid sales have jumped four‑fold to 362,866 units in FY‑2026, driven by cost‑conscious consumers shifting from diesel, while EV sales lag at 131,865 units. Japanese manufacturers—already dominant—lead the hybrid surge, with Toyota and Maruti Suzuki together selling over 90,000 strong hybrids and Toyota Kirloskar moving 366,896 cars overall in the same period. In contrast, global EV players Tesla and BYD have sold fewer than 400 and 7,000 cars respectively in India since 2025, hampered by high duties, limited charging infrastructure, affordability issues and resale‑value concerns. Analysts expect a wave of new hybrid models from Hyundai, Kia, Renault, Honda and others, as hybrids require no behavioural change and avoid range‑anxiety, suggesting the trend will continue despite slower EV adoption.
Read more: https://www.cnbc.com/2026/04/23/japanese-carmakers-deepen-hold-in-india-with-hybrids.html
#Tesla #BYD #Toyota #MarutiSuzuki
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