Toyota Motor India has reportedly reduced the price of its popular hybrid sedan – Camry Hybrid in Delhi by a hefty 2.30 lakh over the outgoing asking price. The massive drop comes after the reduction on excise duty on electric and hybrid cars under the National Electric Mobility Mission Plan (NEMMP). According to the revised rates the excise duty on the car has come down from 24.5 per cent to 12.5 per cent. This means that the Camry Hybrid will now be retailed at 30.90 lakh, instead of its initial price of 33.20 lakh (Both ex-showroom, Delhi).
Toyota isn’t the first car maker with a hybrid or electric car to share the benefits of the reduced excise duty with their customers. Recently. country’s leading car manufacturer Maruti Suzuki India also slashed prices of the Ciaz SHVS and Ertiga SHVS models by 69,000 and 62,000 respectively. This wave of price reduction on hybrid and electric car might not be just limited to Toyota and Maruti Suzuki, considering the Mahindra Reva could join the band wagon soon by reducing the price of the e2o.
The Camry Hybrid features a 2.5-litre petrol engine with an Atkinson cycle hybrid system
That said, one must remember that the reduction in excise duty is only applicable to Delhi, which means prices for the Toyota Camry Hybrid in other cities remains the same. This decision might have a strong influence on car buyers in the nation’s capital to opt for Hybrid cars, since the ban on registration of diesel vehicles with 2000cc and above engine capacity is still on. The petrol only Camry though remains unaffected by this rule and the price drop might further increase the sale of the Camry Hybrid sedan further, which is already selling better than the regular petrol version.
Coming to the car itself, the Toyota Camry Hybrid is powered by a powerful 2.5-litre, 4-cylinder petrol engine that is paired to an electric motor. Together they churn out a maximum of 202bhp of power – 158bhp from the petrol and 44bhp from the electric motor. Transmission duties are handled by a electronically controlled CVT unit. The Camry Hybrid faces limited competition at present in its segment, but will soon be joined by the Volkswagen Passat GTE that was showcased at the 2016 Auto Expo earlier this year.