The automakers in India don’t seem to be baffled much by the fact that hybrid cars are being taxed the highest under Goods and Services Tax and are either continuing to offer or planning to offer new cars in the segment with hybrid technology. Joining the bandwagon of hybrid cars, Hyundai has put up a grand display at Auto Expo 2018 showcasing numerous products, some of which are supposed to make their India debut by mid-2018.
Hyundai has showcased the Ioniq Hybrid, which will be rivaling the Toyota Camry Hybrid and Honda Accord Hybrid. The Ioniq is highly likely to be assembled in India rather than being imported as a CBU. The Ioniq is available as a hybrid, plug-in hybrid and with an all-electric powertrain in the US, Europe and some East Asian countries.