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Despite the high duty on hybrid cars, Mahindra is pursuing the development of a new 48V mild-hybrid system. It’s more powerful than the 12V unit that sits in some of its SUVs.
The company's managing director, Pawan Goenka, said, “Mahindra is working on 48V mild-hybrid technology, and will continue to do so in order to be ready with a product using this technology. Launching this product though would depend on whether there is a re-think on the taxes for hybrids. Otherwise it will be difficult to justify the launch of such a vehicle in India.”
Taxes on hybrids are not likely to be reduced anytime soon, but Mahindra could be developing them to export to other countries.