Reva to electrify the two wheeler markets with its two models. The Bangalore based Indian electric four two wheeler company Reva has scintillated the Frankfurt Motor Show with its two new ranges NXR and NXG. The two bikes will be launched in India next year, said the company. The NXR is scheduled for launch in January coinciding the Auto Expo while NXG will be for exactly a year after in January 2011. With this move, the company has planned to introduce at least one model per year in addition to green cars.
The overseas market will sell the NXR between 9995 Euros and 14995 Euros with the NXG to cost 23000 Euros. The price for the Indian market is yet to be fixed. Apart from the existing plant in Bangalore with the capacity of 6000 cars a year, the company has devised a plan to build one more plant for manufacturing electric vehicles. The proposed plant is to have solar energy and will be able to make 30000 units a year in the next three years. For this the company has invested Rs30 crore of which 20% will be for green measures which includes energy efficient structural materials and rainwater harvesting.
The plant is to be made ready before the first quarter of the next year so that the half of makes would be allocated for the export market. So far the company has sold 3000 cars worldwide among them 650 units during this fiscal. The company sees a splendid prospect with an estimate that 15% of the cars worldwide would be electrified by 2020.