Mahindra Reva plans to launch 2 new products in 2016
Few years back, Mahindra acquired Reva – the company that manufactured small electric cars in India. Subsequently, Mahindra Reva company launched the electric cars under its banner calling it as “e2o“. The company Mahindra Reva is now planning to launch 2 new products in India by the end of this year (2016). The news of introducing new electric vehicles has been revealed made by company’s Senior General Manager, Mr Pawan Sachdeva, at the 2nd National Workshop & Exhibition on FAME India.
Mr. Sachdeva commented that the Mahindra Reva company believes that inflexion point of the electric vehicle industry has been reached. He also highlighted that 42% of total electric vehicle sales in the world happened last year.
Mr Sachdev also suggested that the Indian market players, government and the customers need to look at the Chinese automotive market that has showcased unparalleled growth of Hybrid and pure-electric vehicles. To bring things into perspective, China accounted for 34 percent of the global electric vehicle sales in 2015, where 1,76,627 EVs were sold. On the other hand, Indian EV market sales stood at just 753 units in 2015-16.
Reva was launched in 2001 as a pure electric car brand. Mahindra acquired controlling stake in Reva in the year 2010. Currently, Mahindra is selling two pure electric cars in the Indian market – the e2O and the recently launched e-Verito.
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