Honda Motor Co. will market its new hybrid car for around ¥1.59 million, which will be the lowest sticker price for a gasoline-electric vehicle sold in Japan, company sources said Saturday.

Scheduled for release in September, the new Fit compact can travel 30 km on a liter of gasoline, the sources said.

The lowest-priced hybrid at the moment is Honda's Insight, whose cheapest version goes for ¥1.89 million.