'Incentives key for alternative fuel tech'

Toyota Kirloskar Motor Pvt. Ltd, the Indian unit of Japanese automotive giant Toyota Motor Co., has urged the government to offer incentives for alternative vehicle technologies, such as flex fuels, electrified hybrids, and ethanol-run vehicles, in addition to battery electric vehicles (BEVs), a senior company official said.

- Alisha Sachdev

The company said new green mobility initiative is driven by high production costs of modern vehicle technologies with advanced features, compared to the cost of traditional internal combustion engine (ICE) vehicles, as it seeks to encourage the adoption of these alternatives.

Advancements carry higher price tags, necessitating government assistance to make them more accessible for early customers, the official added.

Toyota launched its inaugural flex fuel prototype, compliant with BS-VI phase II standards on Tuesday. Union minister Nitin Gadkari attended the launch event.