Report - Reva plans to sell NXR EV in US starting next year
Bangalore-based Reva Electric Car Company could follow the footsteps of Mahindra and become the next Indian company to assemble cars in the US. Reva has been charting out plans to assemble the next generation NXR in New York by next year.
Reva is planing to assemble its plug-in 3-door hatchback through a joint venture with New York-based electric car maker Bannon Automotive.
This project is expected to be built on an investment of over $38 million with $11.6 million funding arriving from the local New York State as incentives for the eco-friendly projects. If this project comes through, it will be the first dedicated production line in America for electric vehicles.
Senior Reva executive -
We are exploring all options and would be working in many international markets to export and manufacture our cars. Talks are on to license the technology that can open new revenue stream for the company
The Reva NXR will be powered by Lithium-Ion batteries that will enable it to reach a top speed of 104kmph. It will be able to cover 160kms in a single charge. Reva will ship CKDs to New York where it will be assembled and distributed.
Reva is increasing its annual production capacity to 30,000 units at its Bangalore plant. It plans to export CKDs to Europe and other nations in South East Asia.
Reva NXR Image Gallery
If you're not able to view the slideshow above, view the images at the Reva NXR and NXG Image Gallery directly
Source - Business Week