The India’s most popular electric auto maker Reva Electric car company is seeking an ideal platform to enter the US and European market, under the contract basis. This is in a bid to double its sale by 2011-12. In the US, the prospective deal with Bannon Auto is mooted and is yet to be finalized, said the company’s official. Options are also there to reach the Iceland under a tie-up with Northern Light Energy to do business in North Atlantic island nations. But there is no word about the proposed investments for this projects.
Reva is in the overseas market selling its products in 24 countries and is projecting to double its sale, in 50 countries by 2011-12, said the official. Recently, Reva has been in the news with its presence in the Frankfurt Auto Fair where it displayed its NXR and NXG ranges, scheduled for the global launch in 2010 and 2011 respectively.