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India: Mahindra Reva to roll out new electric car next month

BANGALORE, AUG. 22:
Mahindra Reva plans to roll out its ‘NXR electric car’ by September-end. It showcased the concept of this car at the auto expo.

“We will be launching the car by next month-end and hopefully it will be on the roads by Diwali,” said Anand Mahindra, Chairman, Mahindra Group.

He declined to reveal the price of the vehicle.

The company formally opened its electric car manufacturing unit in Bangalore on Wednesday. The unit has a capacity to produce 30,000 vehicles a year. The company plans to start with an initial production of 6,000. It expects to touch full capacity in three years.

“This electric car is certainly an important instrument for Mahindra’s global business. We are looking at certain markets in Europe like the Scandinavian countries. These countries have already set a target for increasing the share of such vehicles in the automobile space,” said Mahindra.
More theinubusinessline.com

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