Step aside Tesla, BYD: Japanese carmakers deepen their hold on India's auto market with hybrids
- Posted on April 23, 2026
- By CNBC
- 1 Views
- 1 min read
In brief
Japan's automotive manufacturers are strengthening their market position in India by leveraging hybrid technology, which is experiencing rapid growth compared to fully electric vehicles. As the world's third-largest auto market shifts preferences toward more affordable and practical hybrid solutions, traditional EV players like Tesla face increased competition. This trend reflects consumer demand for vehicles that offer environmental benefits with established infrastructure and lower transition costs.
Step aside Tesla, BYD: Japanese carmakers deepen their hold on India's auto market with hybrids
In the world's third-largest auto market, demand for hybrid cars is racing ahead of EVs, deepening the hold of Japanese carmakers in India.
