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Mahindra Reva

By LIFS June 7, 2010 at 4:27 PM
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Mahindra & Mahindra Ltd. has agreed to buy a majority st

 
ake in Reva Electric Car Co. from General Motors.

“Our association with Reva will only help us further expand our green footprint both in India and overseas,” Mahindra & Mahindra managing director Anand Mahindra said in a statement.

Reva launched its first electric vehicle in 2001 in Bangalore and presently has an estimated 3,500 G-Wiz vehicles on the road, mostly in England.

 

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Business | Magazine | June 2010

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