- Toyota Motor Corp (NYSE:TM) has unveiled its first mass-market hybrid car for India, a sport utility vehicle (SUV), Reuters reported.
- Toyota will build the Urban Cruiser Hyryder SUV in alliance with Suzuki Motor (OTC:SZKMY).
- Related: 2 Japanese Auto Giants To Jointly Make New Hybrid SUV In India
- The Japanese auto major’s latest offering will compete with Hyundai Motor Co., Ltd. (OTC:HYMTF) and Kia Motors Corp (OTC:KIMTF) in a segment that accounts for major auto sales in India.
- Also Read: Why Toyota Will Stick To Making Hybrid Cars Amid Growing Calls For EV Transition
- Price Action: TM shares closed lower by 0.96% at $154.17 on Thursday.
- Photo Via Company
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