While the Indian automobile market is growing rapidly, foreign automobile companies are gearing up to launch new cars due to the increased demand for premium cars in India. It is mainly interested in introducing electric and hybrid cars.
Meanwhile, the trending in the Indian automobile market is changing. A few years ago, the hatchbacks were considered the best, after which the sedans were hailed as another level. Following this with the success of budget SUVs, SUVs have been king for the past 2-3 years.
But because the 4 sedan premium cars that were introduced in the last one year have been well received among the people, the question has arisen among everyone whether the sedan kingdom will come again. At the same time, the arrival and sale of electric cars has revolutionized the entire automobile industry.
More importantly, all the electric cars introduced by Tata have not only registered massive success but its success has inspired companies ranging from domestic to foreign companies to manufacture and introduce electric cars in India. As a manifestation of this, the Japanese automobile company Toyota has made an important announcement.
Toyota Motor Corp on Friday said it aims to introduce 10 new electric vehicle models by 2026. The long-awaited announcement from the Japanese automobile giant Toyota has now come out.
Toyota, a global leader in car manufacturing and sales, has not lost its momentum in the electric vehicle segment. Toyota will set up a new, specialized division to focus on next-generation electric sedans, according to senior executives.
Although there are many new startup companies coming up to compete with Tesla, they cannot compete with the automobile companies that have been in the market for years. At this stage, Toyota was also paying too much attention to hybrid vehicles instead of fully electric vehicles.
Toyota Motor Corp has announced that it will introduce 10 new electric vehicle models by 2026. It will make a big difference in the Indian market as well. Hybrid cars recently launched by Toyota have been a huge hit.