New Delhi, Nov. 6 -- Union Road Transport and Highways Minister Nitin Gadkari announced that Toyota will launch a new bioethanol-powered Innova in India on 26 November. The next MPV will be 100% bioethanol-powered rather than petrol-powered and is expected to demonstrate an alternative way to cut fuel costs.

Speaking at the Powering the Next Mile conclave on Tuesday, 3 November, Gadkari said the vehicle could bring down the effective running cost to the equivalent of Rs.25-30 per litre of petrol. He said the reduced operating costs were due to ethanol and electricity produced during the car's operation. This is an effort by India to reduce its reliance on imported crude oil and adopt alternative fuel technologies.

In announcing the laun...