article thumbnail

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. 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
article thumbnail

The Climate Change Caravan

Revenge of the Electric Car

Elephant and Reva in India. The Climate Caravan includes ten friends and a solar music band, along with three solar plug-in electric Reva cars. The Revas are traveling 200km per charge on Lithium-Ion batteries (the solar adds 8km extra). I feel honored to charge these electric cars at my station.

article thumbnail

Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

In 2017, after taking charge of the Tata Group, Natarajan Chandrasekaran had mooted the ‘UniEVerse’ initiative, keeping sustainability at its core. Tesla was rapidly expanding its reach and portfolio, and the Volkswagen Group — hurt from the ‘diesel gate’ scandal — had committed huge resources to pivot to electric cars.

India 52