Mahindra took over the reigns of age old Indian electric car maker Reva earlier this year thus severing the latter's ties with General Motors to come up with new other electric vehicles for the Indian market. Now M&M owns a stake in Reva Electric and has complete plans lined up for the launch of Mahindra Reva NXR model by mid-2011.

The new NXR model is apt for small city rides and will be a four-seater model. The company has already launched its two seater model in cities like Delhi and Bangalore. “We intend to take it to other cities in India. Also, we are all geared up to roll out our four-seater Reva NXR by next year,” said Pawan Goenka, president (automotive & farm equipment sector), M&M Ltd.

The company is coming up with its new plant in South India with an investment of Rs 200 crore. “As the current plants are running at full capacity and with no plant in south, we are to finalise the venue in next three months. With a capacity of around 1 lakh tractors, we are planning to roll out 50,000 in the first phase,” added Goenka on the sidelines of his visit to Ahmedabad for inaugurating the 101st Samriddhi centre in Gandhinagar.

Mahindra Reva NXR reaches a top speed of 104 kmph while providing a range of 160 km. The NXR can text you with crucial information such as Time-to-full-change, pre-heat or pre-cool the car, mail you a report on your driving habits or even unlock the door as you approach. It also features a revolutionary technology that addresses range anxiety– REVive®, a remotely activated reserve charge which will get you going, even when you’ve seemingly run out of charge.

Mahindra is also planning to launch Korando and Rexton in India next year which will be its brand new SUV models from South Korea.