Hybrid vehicle sales in India rise 62.5% in Q2 2022 due to high fuel prices and UP government incentives.

Hybrid vehicle sales in India surge 62.5% in Q2 2022, driven by high fuel prices and incentives in Uttar Pradesh, outpacing the nation's sluggish car market. The growth in strong hybrid vehicle sales is attributed to a combination of factors, including high fuel prices and incentives announced by the Uttar Pradesh government for hybrid and plug-in hybrid vehicles. This growth highlights a growing consumer appetite for fuel-efficient cars amid high fuel prices.

August 24, 2024
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