Sources say that giant automobile company, Toyota Motor Corporation, is set to offer its hybrid Prius at a lower price. The said price cut back will start once Toyota starts the sale of their third-generation Prius. He more fuel-efficient Prius is scheduled to be available later this year.
Experts say that Toyota’s move of cutting back the price of Prius is actually a counter move for competitor Honda Motors newest Insight hybrid car. The latter’s hybrid vehicle is set to be released by February of this year.
According to a report in The Nikkei, Toyota plans to cut back the price of the current Prius because the new model would cost a lot more than its predecessor. According to the Japanese company, the new Prius will boast of a 1.8 liter engine-an innovation from the original 1.5 liter of the present model.