
The Bangalore-based Reva Electric Car Company (RECC), the first and still the only electric car manufacturer in India, is all set to unveil two new models – the Reva NXR and Reva NXG – at the Frankfurt Motor Show later this month. Chetan Kumaar Maini, deputy chairman and CTO, RECC, roped in Dilip Chhabria for the new cars’ styling and hopes that will help boost the cars’ sales in India and elsewhere.
While technical details and specs are not yet available, the new Reva cars are expected to have lithium-ion batteries and a host of improvements over the earlier Reva car. The Reva NXR, with a range of 160km and a top speed in excess of 100km/h, is likely to go on sale in India by mid-2010. The Reva NXG, with a range of 200km and a top speed of 130km/h, will become available by 2011. Prices for the two cars have not been announced yet.
In addition to selling the new Reva cars in India, Chetan Maini also wants to target aggressive growth in overseas markets. For this, he will look at technology licensing, which would allow overseas companies to manufacture Reva vehicles for their markets locally, at relatively low costs. Maini wants to take his cars to European and North American markets in the near future and RECC is already working on readying its new manufacturing plant near Bangalore, which will have a capacity of 30,000 units per annum.