Mahindra Reva News in India

67 days ago
Mar 18, 2012

Electric cars in India to get a boost

The Indian government is planning to implement new policies with regard to the development and use of the electric vehicles in India as part of the Budget 2012-13. Many would see it as a welcome move in light of the rising fuel prices. The policies would include various tax benefits for the consumers who buy electric or hybrid vehicles apart from...
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126 days ago
Jan 19, 2012

Mahindra Reva and SBI sign MoU for electric cars finance

Mahindra Reva Electric Vehicles Private Limited and State Bank of India have come together to promote the use of electric vehicles in India. The two have signed a Memorandum of Understanding (MoU) which will enable them with access to each other’s network across India. Present at the signing of the MoU were State Bank of India Chief General...
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254 days ago
Sep 13, 2011

Mahindra Reva to introduce an electric vehicle based on M&M platform

Mahindra Reva Electric Vehicle plans to introduce a new electric vehicle in the late 2012 or early 2013 based on a model by parent group Mahindra & Mahindra’s existing portfolio. Mahindra & Mahindra had acquired major stake in Reva in 2010. Mahindra Reva Electric Vehicle Chief of Technology and Strategy, Mr. Chetan Maini stated that the company...
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282 days ago
Aug 16, 2011

Reva plans to launch Reva NXR in India

Cashing in on the soaring fuel prices, electric car company Reva is planning to launch the next generation Reva NXR in India. The car is an improved version of the company’s current model Reva Ai and is expected to be priced around Rs. 5,00,000. The company is planning to officially unveil Reva NXR during the 2012 Indian Auto Expo show in...
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728 days ago
May 27, 2010

GM to scrap electric vehicle deal with Reva

General Motors India has decided to end its alliance with Reva Electric Car Company, following the latter’s tie-up with M&M. GM India Vice President and Director, Mr P. Balendran, told mediapersons that the company “may not continue the Spark electric vehicle programme with Reva” and that it would pursue its own electric vehicle programme....
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728 days ago
May 27, 2010

Mahindra acquires 55 percent stake in Reva

Mahindra & Mahindra (M&M) has acquired a 55.2 percent stake in Bangalore-based Reva Electric Car Company (RECC) headed by the Maini Group. The acquisition will help M&M establish a firm foothold in the rapidly growing electric vehicle segment. Mr Pawan Goenka, President of M&M (Automotive and Farm Equipment), said at a press conference that the...
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772 days ago
Apr 13, 2010

Reva to expand electric car business overseas

Reva Electric Car Company (RECC) is in talks with several governments and private companies in Asia, Europe and the US to produce electric vehicles using capital raised in the partner countries. Under the franchise manufacturing model that it is planning to adopt, RECC will provide the technology for producing electric vehicles, while its partner...
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920 days ago
Nov 16, 2009

Reva may set up production plants in US, Europe

Bangalore-based Reva Electric Car Company (RECC) is all set to expand its manufacturing operations to markets in the US and Europe. The company also wants to increase the number of its overseas markets from the current 24 to 50 by 2011-12. RECC President (Sales & Marketing), Mr R Chandramouli, said that the company was planning to set up...
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967 days ago
Sep 30, 2009

Chevrolet Beat production plans on track; Cruz to be launched on October 12, 2009

General Motors India is all set to start the production of its small car, the Chevrolet Beat, at its Talegaon plant in Maharashtra. Production for sale will begin on the 15th of December, 2009, and the car will be displayed at the Auto Expo in January 2010. It is expected to be priced at approximately Rs 4 lakh. The company will also be...
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983 days ago
Sep 14, 2009

GM India to enter joint venture with Reva

General Motors India is in the process of finalizing a joint venture with Bangalore-based Reva Electric Car Company (RECC), to roll out electric variants of the Chevrolet Spark. GM will source electric car technology from Reva to develop electric variants of the Spark, and will market the car both in India and in overseas markets. GM India Vice...
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