Home Pay off electric vehicles: the bets of Japanese companies are paying off as hybrid cars are selling very well

electric vehicles: the bets of Japanese companies are paying off as hybrid cars are selling very well

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Japanese automakers betting on power hybrids as a “critical” gateway to full electrification in the Indian market are seeing their bets paid off, with power hybrid versions of Grand, Toyota Hyryder and Honda City seeing strong bookings.

Cumulative reservations for the three vehicles – two of which have yet to officially launch in the local market – have topped 40,000 units in the past two months. This is more than double the approximately 18,000 electric vehicles (4W) sold over the past financial year as a whole.

Of the nearly 50,000 reservations Maruti Suzuki has received for the Grand Vitara so far, 44 percent have come for the powerful hybrid version. Industry sources say that around 75% of Toyota Hyryder bookings are for the powerful hybrid version. Honda Cars India has sold the potent hybrid version of the flagship City sedan for the next 10 months.

These hybrids may represent a 20-30% premium over conventional petrol cars, but offer 35-40% better fuel efficiency and address the anxiety of vehicle buyers in a country with an extensive charging network n is not yet implemented, resulting in better than expected customer acceptance at all three companies.

“In addition to being more affordable than battery-electric vehicles, powerful hybrids do not require charging infrastructure. They largely run on batteries in urban cycles, reducing fuel consumption and emissions. exhaust,” said Shahsank Srivastava, Senior Executive Director (Marketing & Sales), Maruti Suzuki.

Electric vehicles currently command a 60-70% premium over their corresponding gasoline versions. In addition, studies conducted by car manufacturers have shown that due to insufficient availability of parking spaces, 85% of car owners in the country do not park their vehicles in the same place every day, which makes it rather difficult to install charging stations in residential areas.

Industry experts believe that the passenger vehicle segment will likely be the last to switch to electric vehicles due to the high cost difference, the slow evolution of the electric vehicle ecosystem and the need for power supplies. stable electricity.

“Fundamentally, it’s not about battery electric vehicles or powerful hybrid electric vehicles, because these technologies complement each other by having an electric powertrain with common EV parts. On choosing a technology for a market, we believe and always focus on introducing electrified technologies that are best suited to deliver maximum carbon reduction based on an assessment of local conditions based on the country’s energy mix, infrastructure development and consumer acceptance,” said Vikram Gulati, Toyota’s executive vice president.

Motor (TKM) adding customer response to the Hyryder has been “outstanding”.

Gulati informed according to independent studies on a well-to-wheel basis, i.e. taking fully into account the impact of energy production and its end use, in the case of India , the carbon emissions of hybrid electric vehicles (HEVs) are even lower than those of BEVs. “Therefore, SHEVS will play a critical role not only in reducing fossil fuel consumption, carbon emissions and pollution, but also in creating a local EV parts manufacturing ecosystem while protecting simultaneously the huge existing investments and jobs related to the manufacture of ICE parts, thus ensuring a faster and uninterrupted technological transition,” Gulati said.

Toyota, Suzuki and Honda do not plan to launch an electric car in India until 2025 and are currently working on localizing hybrid vehicle parts.

Yuichi Murata, Director (Marketing and Sales), Honda Cars India, said: “In the Indian context, as the electrification of automobiles is accelerating, we believe that powerful hybrids are currently the best choice because they are practical and worry-free. They offer outstanding fuel economy and lower emissions compared to regular models. Powerful hybrid technology can act as a catalyst for India’s automotive industry’s smooth transition to green mobility. Powerful hybrids now account for more than 8% of all Honda City sales in India.

Ravi Bhatia, president of Jato Dynamics, said hybrid vehicles offer more fuel efficiency and lower emissions compared to conventional motor vehicles. The resale value of hybrids is also better than that of electrics. However, these vehicles are more expensive than their gas-powered counterparts and will require trained mechanics given the advanced technology.