Reva in tech talks with other car makers
One of the world’s biggest electric car manufacturers, Reva Electric Car Company ,is in talks with various main line car makers in the country for a possible technology tie up.autos Updated: Feb 06, 2009 10:04 IST
One of the world’s biggest electric car manufacturers, Reva Electric Car Company (RECC), is in talks with various main line car makers in the country for a possible technology tie up.
“Many companies have shown interest in buying our technology for their own products, though talks are at an initial stage,” said Chetan Maini, deputy chairman, RECC. Maini, however, refused to name any of the companies saying that nothing substantial has happened yet.
The company is currently setting up its second plant in Bangalore with an installed capacity of 30,000 units per year. The new plant would be operational in the next 2-3 years. It also plans to roll out a new version of its Reva car with lithium ion battery which can last 120 km in a single charge, by May.
“Due to high fuel prices and the subsidies that are applicable on electric vehicles now, the awareness level among masses has gone up. We are targeting to sell a total of 4,000 cars each year by 2010,” Maini said.
The company sold about 500 cars last year and is aiming to sell 1,000 units, including exports in 2009. Reva which is sold as G-Whiz in its biggest market in UK, is sold in 20 countries besides India. Reva models are available between Rs 3 lakh and Rs 3.75 lakh in Delhi.