Mahindra Mahindra Takes Majority Stake in REVA Electric Car Co.
Green Car Congress
MAY 26, 2010
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 new board includes five nominees from Mahindra & Mahindra, two from the Maini family, and one from AEV LLC, California (co-founders of REVA).
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