Green Car Congress

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Mahindra Mahindra Takes Majority Stake in REVA Electric Car Co.

Green Car Congress

M&M) is acquiring a majority share in REVA Electric Car Co Ltd. REVA Electric Car Co Ltd. will be renamed Mahindra REVA Electric Vehicle Co Ltd. The acquisition will bolster M&M’s current development work, as well as give it a position in the electric car market.

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REVA Electric Car Company Building New Plant in Bangalore

Green Car Congress

Reva Electric Car Company (RECC), the manufacturer of the REVA electric car, is building a new assembly plant in Bangalore, India with a capacity of 30,000 units per year, to accommodate the increased production of the REVA and for the planned one new model per year from the end of 2009.

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