Reva is pointing for right partners to do business in US and Europe. The contract deed for manufacturing is mooted by the company, said its MD Maini. Though talks are on with local parties nothing is in the foresight. The company is aiming to boost its sale to 30000 units in another three years from the current1000 units. The ratio will be 50:50 of domestic and export market. There will be increase in production from the current 6000 units to 30000 units, once the new facility gets ready in 2010.
The new plant will have Rs30 crore investment and the expansion will follow suit, said Maini. Reva’s agreement with General Motors for electric version of Spark, is open for other makers too, said he, as his technology is ideal and contemporary to meet the environment status. Reva’s gesture to Spark may be extended to other models of GM, he said. Reva’s own models NXG and NXR are getting ready for launch in 2011.
Good news regarding reva car.