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

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. Earlier post.). Earlier post.).

REVA 150
article thumbnail

London Calling: Congestion Charge Recharges Electric Cars

Plugs and Cars

London could soon replace California as the electric car capital of the world. Thanks in large part to Mayor "Red Ken" Livingstone, who enacted London's much criticized congestion charge policy in 2003. India's Reva was first into the market with the G-Wiz. India's Reva was first into the market with the G-Wiz.

London 100
article thumbnail

Dealing with Petroleum Addiction, British Style

Plugs and Cars

The British Government is attempting to strangle the electric car baby in its London cradle. The Times Online reports the British government's Department for Transport (DfT) has conducted a safety test on the all-electric Reva G-Whiz and found it wanting. City government under Ken Livingston has been encouraging use of such cars.

G-Wiz 100
article thumbnail

Johnston stays on board with Energetique

Green Cars News

Australian electric car systems maker, Energetique, has renewed its partnership with marketeer Keith Johnston, known for his part in the successful relaunch of the Reva G-Wiz electric vehicle. Johnston will represent the company’s operations in the UK and Europe.

G-Wiz 46
article thumbnail

Call to support current generation of electric vehicles

Green Cars News

It creates a sales vacuum for EVs already on the market and endangers existing EV companies that are already stressed as a result of the recession. Mr Hoon’s responsibility lies strongly with supporting existing companies in the sector as much as paving the way for larger OEMs to enter the market.

G-Wiz 36
article thumbnail

Tigor EV Highway Drive: Bengaluru - Coimbatore - Ooty - Mysuru

Plug In India

But these two are not the go to market products. And he assured me that Oben is not taking the Chinese assembler route to market. The jet routinely flies at an altitude of 50,000 ft - and can do Bangalore London non stop. Come to think of it, this would be a good marketing strategy for EV OEMs. 5,000 upwards.