Reva Electric Car Co unveiled two models, one of them designed by India's celebrated auto designer Dilip Chhabria, at the 63rd Frankfurt International Motor Show on Thursday.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
Carmakers have realised the importance of using alternate fuels to power cars.
Company has already put in place around 100 charging points across Delhi and Bangalore.
Bangalore-based Reva Electric Car Company plans to launch its car in Japan and the US later this year. The company is test-marketing the car in these two countries.
Currently, the company has around 1800 cars on road, of which 1000 cars are in India while the others are in London and other parts of the UK.
By industry estimates, less than five per cent of the passenger car market in India would comprise electric cars over the next five-seven years, at 1,75,000 units, when the industry size would double to 3.5 million units, as against over 1.6 million in 2009.
Government has announced a slew of measures to give impetus to electric cars.
The vehicle would be the electric version of General Motors' small car 'Spark'. Reva would provide battery technology for the E-Spark.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
Green vehicle set to hit Indian roads next year.
Bangalore-based Reva Electric Car Company, one of the world's most recognised electric car manufacturing companies, may see a change of ownership, with its current promoters holding talks with an international automotive investor for a sell-out.
After positioning itself as a niche product in the passenger car segment, Bangalore-based Reva Electric Car Company is looking at using the technology for the production of mini-buses and taxis.
After creating a niche for itself by making the country's only electric car, Reva Electric Car Company is all set to raise about Rs 70 crore (Rs 700 million) through private equity infusion to fuel its expansion into other segments like mini-buses an
Reva Electric Car Company and Hydrogenics Corp, a Canadian firm will develop hydrogen fuel cell cars. \n
"We are pleased to join hands with Reva to bring affordable small car platform-based electric vehicles to the market in line with government objectives to reduce fossil fuel dependence," General Motors India, the Indian subsidiary of GM, President and MD Karl Slym told reporters in New Delhi.
The e2o is manufactured by Mahindra Reva Electric Vehicles.
While the value of the deal could not be ascertained, it is estimated that it could be around $100 million (Rs 450 crore approximately).
Reva, which had recently entered into an agreement with General Motors India for launching electric version of the compact car Spark, said it was also open to partnering other companies.
Model 3 received 180,000 orders worldwide.
The promoters of Bangalore-based Reva Electric Car Company are in talks with global private equity investors to raise Rs 75 crore (Rs 750 million) by offloading 15 per cent equity, its managing director Chetan Maini said.
"We are looking for partners in 4-5 countries to set up manufacturing facilities and especially in the US, Australia and Europe. We are in talks with some companies, but nothing has been finalised so far."
The e2o, an all-electric, four-seater passenger car, will be the first model under the Mahindra Reva stable to be launched.
American car maker General Motors is likely to pull out of its technological partnership with REVA Electric Car Company, after domestic auto major Mahindra & Mahindra Ltd bought 55.2 per cent equity in the Bangalore-based company to stake its place in the fledgling electric vehicle market.
More than a year after Mahindra & Mahindra bought stake in Reva Electric Car Company, the SUV-maker is gearing up to launch its first compact car -- it promises nine times the mileage generated by the country's most fuel-efficient petrol-powered car.
Bangalore-based Reva Electric Car Company, two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas.
In the second of our three-part series on entrepreneurs who made it big without an MBA taken from author Rashmi Bansal's book Connect the Dots, we publish excerpts from Chetan Maini (of Reva Electric Car Company) and Samar Gupta's (of Trikaya Agriculture) stories.
Even as India goes green, lack of uniform standards for setting up charging stations is holding back companies. Alnoor Peermohamed reports.
The electric version of General Motors India's small car Spark will hit the Indian road in the next 12 months, said its vice president P Balendran.
The premium e2o has an extended range of 120 km and electric power steering.
Reva, the only electric car which, is exported to the UK market from India, may get a red signal from the UK government, owing to revised safety norms proposed by the UK Department of Transport.
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
Four years after entering Formula E racing, Mahindra comes out with a racing car designed for the e-racing circuit. Rajesh Karkera/Rediff.com reports.
Electric car manufacturer Reva is planning manufacturing facilities abroad under a franchise model to penetrate those markets.
India's first electric car, Reva,is set to roll into Israel soon as a leading firm of the country has been granted the franchise to import the battery-operated vehicle, a media report here said.
The automaker was found to have engaged in anti-competitive practices.
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