Home » Uncategorized » Honda planning to market low-cost hybrid Fit vehicle?

Honda planning to market low-cost hybrid Fit vehicle?

According to the Japanese daily Nihon Keizai, Honda Motors will soon be selling a low-cost hybrid version of its popular Fit subcompact car. The rumored move is said to be an indication of Honda’s long-term commitment to the powertrain.

Honda is anticipated to market the Fit hybrid as early as April 2007 in Japan and then later on internationally. The car will sell for approximately 1.4 million yen or US $11,790. The amount is about 200,000 yen more than its gasoline-only counterpart. Still, the Fit hybrid would make if the first hybrid to cost consumers less than 2 million yen or US $16,840.

Honda has denied that it has already decided to produce a hybrid version of the Fit but concedes that it does have the technological expertise to produce it. Further, its Chief Executive, Takeo Fukui, has long claimed that the price premium for a hybrid (on top of a gasoline-only vehicle) should be under 200,000 yen or US $1,680 for the powertrain to go mainstream.

Currently, Honda is already selling hybrid versions of the Accord and Civic, its two best-selling vehicles, for 300,000 yen or US $2,525. Meanwhile, its hybrid-only car Insight coupe was the first gasoline-electric vehicle to be marketed in the US.

About Melanie Tan

Check Also


Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.


Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.


Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games


Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...


Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.


No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.