You are here: Home » Companies » News
Business Standard

Mahindra Reva aims to sell 2500 electric cars next year

Press Trust of India  |  Kochi 

Mahindra Reva Electric Vehicles Private Ltd is targetting to sell 2500 cars in the country by next year, a top official today said.

The company is expecting its sales to touch 1200 units this fiscal ending march 2011, Mahindra Reva General Manager (Marketing) Pawan Sachdeva told reporters here.

Mahindra Reva's new plant at Bangalore would go on stream by April next year and it would have a production capacity of 30,000 units per annum, he said. The present capacity of the existing plant is 1200 to 1500 units per month.

The company is also exporting its cars to various countries, including, UK, Norway, Spain and France.

It is also working on a four seater model of cars, which would be ready by 2012.

With oil prices increasing, the future is electricity. The objective of the foray is to get into sustainable and environment friendly transport system, he said.

The company is hoping that the Kerala government would give tax incentives for the environmental friendly car.

The Delhi government had given a subsidy of 29.5 per cent and the Rajasthan government had waived VAT and road tax, he said. The Union ministry for New and Renewable Energy has also given Rs 1 lakh or 20 per cent off on factory price, he said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, December 09 2010. 17:21 IST