The invention provides a control apparatus for a hybrid vehicle capable of preventing or suppressing a strange feeling given to a driver due to stagnation of progress of a shifting action of an automatic transmission or racing of an operating speed of an engine at the time of a power-on shift-down action of the automatic transmission. When the MG1 torque Tg is in the limited state during the power-on shift-down action of the step-variable transmission portion 20, the engine torque Te is limited to the predetermined torque Tef or less, and the reaction torque Tgrf of the first motor/generator MG1 receiving the engine torque Te is reduced. Thus shift-progressing torque Tgsh can be ensured relative to the first motor/generator MG1. Therefore, at the time of the power-on shift-down action of the step-variable transmission portion 20, a driver can be prevented or restrained from having a strange feeling due to stagnation of progress of the shifting action or the racing of the engine speed omega e.