Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Toyota may launch Prius by Jan
Bijoy Kumar Y / Tokyo Oct 22, 2009, 00:56 IST

Likely to kickstart its hybrid plans for India by a preview at Auto Expo 2010

The PriusToyota will kickstart its hybrid plans for India after years of speculation and backroom chat. The Prius is being seriously considered for an Indian launch and could hit showrooms as early as December 2009 or January 2010.

The news was confirmed by Kazvo Okamoto, vice-chairman and member of the board at Toyota Motor Corporation. “The car is ready for launch in India and we are now looking at developing strategies to market the car,” he said. Toyota hasn’t taken a decision on the exact time, but is looking at doing a special preview of the car at the upcoming Auto Expo in January 2010.

Internationally, the Prius has been targeted at Hollywood actors, ecologically conscious individuals and opinion leaders, which has helped Toyota sell over 600,000 units of the hybrid car in less than a decade, while ramping up overall installed capacity to a similar number. “We might consider a strategy where the car might be sold by invitation,” Okamoto said. This might mean Toyota may also target Bollywood actors to spread the word, especially since the car will be priced between Rs 25 lakh and Rs 30 lakh.

So far, the only hybrid car to be sold in India has been the Honda Civic hybrid, that met with lukewarm success. Priced at over Rs 21 lakh when first launched in 2008, prices were slashed by Rs 8 lakh to attract more customers, for whom the regular Civic was available at Rs 12-13 lakh. The deterrent for Honda was the high level of import duty, pegged at around 110 per cent, as the Government of India doesn’t extend import duty benefits on alternative technology cars just yet.

While the Prius is sold in two versions — a luxury and a sport model — it is the former that is being considered for India. The Prius is powered by a combination of two powertrains — a petrol engine and an electric motor. The petrol engine is a 1.8-litre, four-cylinder mill with 98 bhp, while the electric motor, aided by a battery pack, takes the combined power to 134 bhp.

The advantage of the Prius hybrid is that it produces carbon dioxide emissions much lower than the required levels to meet the upcoming Bharat Stage-IV norms in April 2010, while reducing fuel efficiency at the same time. Toyota claims that its CO2 emissions are 43 per cent lower, while being about 20-30 per cent more fuel-efficient than a similar petrol-powered car.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets open in red
- Kingfisher Q3 loss widens by 75%, costs mount
- Citigroup pays $158 mn in US mortgage fraud pact
- Olympus ex-president, others arrested: media
- Alibaba may take Hong Kong-listed unit private for $2.3 bn
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Posted by: Raj
The environment group has to lobby the government for lowering the import duty, also encourage Toyota to build one locally. I drive a Prius and it is an amazing car and it will be a great asset for Indians as the car stops automatically in the traffic stops. Having hybrids on the road will spur growth of local car companies to adopt hybrid technologies.
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Leela parts ways with Kempinski
- Nestle: Food for thought
- Tailor-made but not good enough
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us