Japanese car maker Honda has set a significant target for its hybrid vehicles, according to reports in the Nikkei.
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It plans to have hybrids account for more than 20 per cent of Japanese sales next fiscal year – that would be around double the 2010 fiscal year’s average of 10 per cent.
Honda has forecast overall domestic sales to decline by 20,000 units on the year to 635,000 units in fiscal 2011 but it suggest that Japanese hybrid sales will rise to 147,000 units – up from 50,000 units projected for the current fiscal year.
The company will launch a new hybrid wagon based on the Fit subcompact in March as well as expanding the available versions of its top-selling cars and complementing the Fit Hybrid that was launched last month.
Domestic sales of the Honda Civic Hybrid will end shortly but the company is hoping the release of the Freed hybrid model will boost its sales alongside the CR-Z and the Insight which is due to undergo a facelift in July.
