Mahindra Reva Electric Vehicles Private Ltd. is aiming to sell cars in the Indian market by next years, a top company official said. The company is expecting the Reva sales to reach 1200 units this fiscal ending march 2011, Mahindra Reva General Manager (Marketing) Pawan Sachdeva said.
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 Indian company is also exporting the Reva to various other 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 fuel prices increasing every day, the future lies with electric and hybrid car. The objective of the foray is to get into sustainable and environment friendly transport system, he said. The company is also expecting the Kerala government would give tax incentives for the environmental friendly car.