Two New Electric Cars from Reva

Two New Electric Cars from Reva New Mahindra Electric
author image Satish Kalepu
Thursday 01 October 2009, 00:00 AM

Reva Electric Car Company is set to introduce two new car models in India next year. Both the models will cater to domestic as well as overseas demands and will be manufactured at the company’s second plant coming up near Bangalore. “We are investing Rs 300 million (Rs 30 crore) in the second plant that will eventually have an installed capacity of 30,000 units per annum," Reva co-founder and deputy chairman Chetan Kumar Maini. “We plan to roll out NXR by mid-2010 and NXG a year later (mid-2011)," he added.

Global investors Draper Fisher Jurvetson and Global Environment Fund have invested in the new project of Reva which showcased both the models at the recent Frankfurt Auto Show in Germany. Reva NXR and Reva NXG are the two new models of which NXR is a four-seater, two door hatchback family car and NXG is two-seater sporty model.

Moreover, the company will also be able to use the distribution network of General Motors across the country to sell its cars as Reva has joined hands with General Motors India. “We are pleased to join hands with Reva to bring affordable small car platform based electric vehicles to the market in line with government objectives to reduce fossil fuel dependence. GM’s ability to develop platforms and Reva’s capability in developing electric drive-trains and control systems will result in the consumer having a wider choice of EVs,” said Karl Slym, President and Managing Director, GM India.

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