Government aid puts hybrid on same price level as gasoline model.
MUMBAI – Toyota Kirloskar launches the latest Toyota Camry hybrid in India. The locally produced sedan is competitively priced at Rs2.98 million ($44,500), the same as the gasoline-powered Camry sold in the country. This is possible because each Camry hybrid expects to qualify for a subsidy of Rs200,000 ($3,000) from the government’s National Electric Mobility Mission Plan 2020. The program is funded with Rs230 billion ($3.4 billion) for providing such assistance for buyers ...
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