Toyota Launches Hybrid SUV For Indian Market: Reuters

Toyota Motor Corp TM has unveiled its first mass-market hybrid car for India, a sport utility vehicle (SUV), Reuters reported.
Toyota will build the Urban Cruiser Hyryder SUV in alliance with Suzuki Motor SZKMY.
Related: 2 Japanese Auto Giants To Jointly Make New Hybrid SUV In India
The Japanese auto major’s latest offering will compete with Hyundai Motor Co., Ltd. HYMTF and Kia Motors Corp KIMTF in a segment that accounts for major auto sales in India.
Also Read: Why Toyota Will Stick To Making Hybrid Cars Amid Growing Calls For EV Transition
Price Action: TM shares closed lower by 0.96% at $154.17 on Thursday.
Photo Via Company