Reva electric of Bangalore has started doing franchisee business to yield growth in its volume. The receptacle for electric cars worldwide made Reva to concentrate on this strategy. The result is its association with Fiat’s plant at Sicily. According to the company’sofficial the company is on the look out for vulnerable partnership and exemplary funds thereby mooting regionalization. The confirmation is yet to be made on the proposed bid to acquire Fiat’s plant (making Fiat Panda and Lancia Musa) along with a Sicilian Financier.
However, there was an earlier move by Fiat to close the plant on cost saving as it brought a loss to the tune of 100 Euro per car. The initiative endangered the fate of 1400 laborers apart from 1100 indirect employees. The move will go ahead despite protest from the employees. Efforts are on from the Sicilian government to opt solar energy in place of oil.
A three-point charter mooted by the govt was- creation of manufacturing facility for electric cars, infrastructure for such cars(battery manufacturing, charging points, service and spares) and providing a back up company to offer uninterrupted power supply.