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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. equity in Mahindra REVA via a combination of equity purchase from the promoters and a fresh equity infusion of over Rs 45 crores (approx US $10 million) into the company.

REVA 210
REVA G-Wiz Electric Cars India 210
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History of Electric Vehicles in India

Get Electric Vehicle

OCTOBER 28, 2021

MEML was closed in 2004 due to a lack of demand. Also, REVA Bangalore entered the electric vehicle market in 2001 with a vehicle developed by an American business (Amerigon). The main issue with these vehicles was their lack of consistency, short battery life, and extremely high battery costs. 2001 – Mahindra and Mahindra Ltd.

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India Electric Vehicles Vehicles 2001 52
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