The ET-120 is the hybrid version of the Strike EV that was released earlier by Eko Vehicles based in Bangalore, India and claims to be the first hybrid motorcycle in the world. The new hybrid bike will feature a 70cc gas engine and electric motor that will get 120 km/l or about 282 mpg in hybrid mode, has a top speed of 40 mph but the power and torque will be equivalent to a 120cc engine.
More info and a press release after the jump.