Nitin Gadkari says new Toyota Innova to be launched on November 26, running cost to be just Rs 25 per liter
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Union Minister Nitin Gadkari said Toyota will launch a new bioethanol-powered Innova in India on November 26.
- ✓The car runs on 100% bioethanol and generates 60% of its power through electricity.
- ✓Gadkari said, "This vehicle will also generate 60% of its power through electricity while running," lowering fuel costs.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Union Minister Nitin Gadkari has announced that Toyota will launch a new bioethanol-powered Innova in India on November 26. The vehicle will run entirely on 100% bioethanol and generate nearly 60% of its power through electricity while driving. Gadkari claims its effective running cost could be equivalent to just Rs 25-30 per litre of petrol, potentially offering significant savings to motorists. The announcement comes as the government promotes alternative fuels to reduce India's dependence on conventional petrol and diesel.
A new version of the Toyota Innova running entirely on bioethanol is set to make its debut in India later this month. Union Road Transport and Highways Minister Nitin Gadkari has announced that the vehicle will be launched on November 26. Speaking at the 'Powering the Next Mile' conclave on Tuesday, Gadkari said the upcoming Toyota Innova would run on 100% bioethanol instead of conventional petrol. He also highlighted its potential to significantly reduce the cost of running a vehicle, claiming that the effective fuel expense could be equivalent to just Rs 25-30 per litre of petrol. The announcement comes at a time when India is exploring alternatives to imported fossil fuels and encouraging automobile manufacturers to develop vehicles powered by cleaner energy sources.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.