M&M in joint venture with Reva,a Bangalore based Electric vehicle maker plans to introduce a new electric vehicle in the next 18 months.Mahindra Reva Electric Vehicle informed that the new electric vehicle will be based on a model from parent group Mahindra & Mahindra’s existing portfolio.
Regarding this,Mr.Chetan Maini,Chief of Technology and Strategy of Mahindra Reva Electric Vehicle reported that in the next 18 months, they will launch an M&M product with electric vehicle technology in India.He said the company has already fitted the technology in M&M’s vehicles and it is currently being tested.
Maini also informed that they will gradually introduce a Reva electric car in all Mahindra outlets.Their plan is to have 50 outlets by the end of this year and go up to 100 showrooms by the end of next year.He also said the company is evaluating the possibility of overseas distribution of its vehicles through M&M dealerships abroad.
The company opens a second production facility in Bangalore and is now increasing its production capacity from 3000 units to 30,000 units.