Toyota Camry Hybrid now cheaper by Rs. 2.3 lakh, after Maruti Suzuki Ciaz SHVS and Ertiga diesel

After Maruti Suzuki's Ciaz SHVS and Ertiga diesel, Toyota's Camry Hybrid has got a price cut of Rs. 2.3 lakh. Toyota Kirloskar Motor (TKM) has decided to pass on the benefit of excise duty cut to customers of the Camry Hybrid in Delhi after it has been covered in the National Electric Mobility Mission Plan (NEMMP).

The Camry Hybrid has been now priced at Rs. 30.9 lakh (ex- showroom Delhi), with the tax levied on hybrid and electric cars now reduced to 12.5 percent from the previous 24 percent. The country's largest car-maker, Maruti Suzuki, has also cut the prices of its Ciaz SHVS and Ertiga diesel after the reduction in the excise duty. While the Ciaz SHVS enjoys a benefit of up to Rs. 69,000, the Ertiga diesel's price has been dropped by up to Rs. 62,000.

Coming back to the Camry Hybrid, it is powered by the hybrid exclusive 2.5-litre petrol engine with an electric motor. It runs on Hybrid Synergy Drive which can sense and change the source of power from petrol engine to electric motor. It claims to offer a mileage of 19.16 kmpl and is manufactured at the company's Bidadi plant.

Launched in 2013, the Camry Hybrid accounts for about 90 percent of Camry sales in India. The company said it sold 419 Camry Hybrids in India during the period of January to April 2016, while the sales of the petrol Camry stood at 44 units.

[1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]