Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 3rd November 2010, 18:48   #1
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 47,749
Thanked: 89,377 Times
Default Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

High Points:

- The REVAi electric car will now be available from 5 Mahindra Dealer outlets in Hyderabad.

- Expect Mahindra to take the Reva nationwide in phases.

- Mahindra finance offers an interesting scheme. REVAi buyers can pay an interest free, refundable deposit of Rs. 1,00,000, followed by monthly installments of Rs. 8,999 for a period of 36 months, and drive home a REVAi. At the end of 3 years, the customer can either continue using the car by making a final payment of Rs. 50,000 or return the car and claim the refundable deposit of Rs. 1,00,000.

More info on the Reva:

- SCOOP : Reva NXR coming soon (Scoop PICS : Maini Reva NXR caught testing in Bangalore!)

- Mahindra acquires majority ownership of Reva (Mahindra acquires majority ownership of Reva (Electric Cars))

- Revai - Ownership report (Reva-i 2007 ownership report, picture added Page 1)

- Revai - 2nd ownership report (Reva - owner's experiences shared)

- Anyone driving the Reva in traffic? (Is anyone driving Reva in realtime traffic?)

- World's fastest Reva : 0 - 100 under 5 seconds (Worlds fastest REVA! 0 - 100 under 5 seconds!)

Name:  Photo 2.jpg
Views: 2827
Size:  357.5 KB

Name:  Photo 3.jpg
Views: 2620
Size:  247.8 KB
GTO is offline   Reply With Quote
Old 3rd November 2010, 19:03   #2
BHPian
 
anonymous's Avatar
 
Join Date: Jan 2007
Location: NCR
Posts: 564
Thanked: 15 Times
Default

Really a good move by Mahindra.
I wish it's really a high time when Government should encourage manufactures to start making such environment friendly vehicles by offering tax rebates etc and something to similar to those who are going to buy them i.e. rebate in road tax, registration etc.

Last edited by anonymous : 3rd November 2010 at 19:05.
anonymous is offline   Reply With Quote
Old 3rd November 2010, 19:50   #3
BHPian
 
Brix's Avatar
 
Join Date: Dec 2008
Location: Chennai
Posts: 585
Thanked: 23 Times
Default

A much needed shot in the arm for the lil Reva. Hope they end up making it a lot better than the current version.

The finance scheme is quite interesting. Like a corporate lease.
Brix is offline   Reply With Quote
Old 3rd November 2010, 20:59   #4
Senior - BHPian
 
aargee's Avatar
 
Join Date: Jan 2010
Location: KATN
Posts: 4,694
Thanked: 2,115 Times
Default

That's an awesome move from Mahindra; started with Rodeo, Duro, moved to Stallion/Mojo & now REVAi. When the economy booms, they'll be an automotive giant in India.

I only wish the Reva gives a long range, say, atleast 350 Kms for one charge for 2 passengers & decent luggage; long enough to cover Chennai-Bangalore with one charge. Do this & I'm sure to be one of their customer.
aargee is offline   Reply With Quote
Old 4th November 2010, 14:37   #5
Senior - BHPian
 
Join Date: Oct 2008
Location: Pune
Posts: 1,103
Thanked: 1,497 Times
Thumbs down

Quote:
Originally Posted by GTO View Post
High Points:
- Mahindra finance offers an interesting scheme. REVAi buyers can pay an interest free, refundable deposit of Rs. 1,00,000, followed by monthly installments of Rs. 8,999 for a period of 36 months, and drive home a REVAi. At the end of 3 years, the customer can either continue using the car by making a final payment of Rs. 50,000 or return the car and claim the refundable deposit of Rs. 1,00,000.

9000 per month for 36 months = 3,24,000. Plus initial 1L = Rs.4,24,000.


At the end of 36 months, we have two options:
1. Pay 50,000 and get full ownership.
2. Revoke ownership and get Rs.1,00,000

If we claim the car, we let go of initial 1L too, so ownership costs 4,24,000 + 50,000 = 4,74,000.

If we revoke ownership, then we get 1L back, which means "3 years lease" cost = 4,24,000 - 1,00,000 = 3,24,000. (forgetting the interest on 1L = 17,000)

The econonomics just don't add up in the favour of this little car. As per experience of electric two wheelers, my guess is the resale value is anyways going to be dismal. Therefore, for a value seeking buyer like me, time for cost efficient electric vehicles is yet to come.

But its good to have an option for electric car enthusiasts/customers in India.
ani_meher is online now   Reply With Quote
Old 4th November 2010, 16:42   #6
BHPian
 
vigneshA's Avatar
 
Join Date: Feb 2010
Location: Chennai
Posts: 198
Thanked: 34 Times
Default

Quote:
Originally Posted by ani_meher View Post
If we claim the car, we let go of initial 1L too, so ownership costs 4,24,000 + 50,000 = 4,74,000.

The econonomics just don't add up in the favour of this little car.
Precisely. You also need to consider the running cost - which i think is at 80p/km - comes to 24k at 10,000 km/yr.
The looks dont help the matters any better.
Anythign around 2L and smaller like Smart - would be my second car choice. I would prefer it for my office and regular shopping commute.
vigneshA is offline   Reply With Quote
Old 10th December 2010, 19:19   #7
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 47,749
Thanked: 89,377 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

Mahindra's distribution strength helps the Revai. Now available in Pune too!

High Points

- The Revai will now be available from 4 Mahindra Dealer outlets in Pune

- Rs. 3.10 lakh for the REVAi Standard, ex-showroom Pune.

Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!-reva-i-launch.jpg
GTO is offline   Reply With Quote
Old 10th December 2010, 19:59   #8
Senior - BHPian
 
HammerHead's Avatar
 
Join Date: Oct 2009
Location: Goan in Pune
Posts: 1,093
Thanked: 210 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

Quote:
Originally Posted by ani_meher View Post
If we claim the car, we let go of initial 1L too, so ownership costs 4,24,000 + 50,000 = 4,74,000.

If we revoke ownership, then we get 1L back, which means "3 years lease" cost = 4,24,000 - 1,00,000 = 3,24,000. (forgetting the interest on 1L = 17,000)
That's an eye opener!! Thanks for the calculations.

I always wonder why an electric car has to look like an toy car
Was going through the specs. of Reva and found that its 100kg heavier then Tata Nano.

Kerb weight:
Quote:
Reva = 700 kg
Nano = 600 kg to 635 kg (LX)
Also look at the charge Time for Reva:
80% charge in 2.5 hours; 100% in 8 hours. Why does it take 5.5 hours to charge remaining 20% ?
HammerHead is offline   Reply With Quote
Old 10th December 2010, 21:23   #9
Senior - BHPian
 
Rahulkool's Avatar
 
Join Date: Oct 2007
Location: Chennai
Posts: 1,265
Thanked: 568 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

Quote:
Originally Posted by HammerHead View Post

Also look at the charge Time for Reva:
80% charge in 2.5 hours; 100% in 8 hours. Why does it take 5.5 hours to charge remaining 20% ?
It happens with most of the rechargeable batteries, last 15-20% charging time is higher than the initial.
Rahulkool is offline   Reply With Quote
Old 10th December 2010, 21:43   #10
Senior - BHPian
 
srishiva's Avatar
 
Join Date: Nov 2006
Location: Bengaluru
Posts: 3,580
Thanked: 823 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

Quote:
Originally Posted by Rahulkool View Post
It happens with most of the rechargeable batteries, last 15-20% charging time is higher than the initial.
Could be to prevent over-charging. So its trickle charged toward the end to full capacity.
srishiva is offline   Reply With Quote
Old 10th December 2010, 22:11   #11
Senior - BHPian
 
HammerHead's Avatar
 
Join Date: Oct 2009
Location: Goan in Pune
Posts: 1,093
Thanked: 210 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

Quote:
Originally Posted by srishiva View Post
Could be to prevent over-charging. So its trickle charged toward the end to full capacity.
If that's the case, I will add a 20% bigger battery, set the comp. to tell me its fully charged when its actually 80% charged and then tell the world that Reva's battery can be fully charged in 2.5hrs flat .

There should be some logic may be or may be not!!
HammerHead is offline   Reply With Quote
Old 11th December 2010, 04:36   #12
Senior - BHPian
 
selfdrive's Avatar
 
Join Date: Apr 2010
Location: Pune
Posts: 2,700
Thanked: 2,119 Times
Default Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

have any reasons been provided for the delay in the launch of the nxr/ nxg?
selfdrive is offline   Reply With Quote
Old 11th December 2010, 08:21   #13
Distinguished - BHPian
 
deetjohn's Avatar
 
Join Date: Sep 2006
Location: Kochi
Posts: 4,046
Thanked: 7,378 Times
Lightbulb Re: Mahindra REVAi - Now available in Hyderabad. EDIT : Pune too!

I live near by the Mahindra showroom opposite IIM Bangalore and there is a Reva sitting petrified among the UV giants for the past month or so. I don't know whether its our old Reva or the 'REVAi'.

Quote:
Originally Posted by selfdrive View Post
have any reasons been provided for the delay in the launch of the nxr/ nxg?
I have spotted the new NXR a couple of times on Hosur road. It looks mighty impressive and was comfortable doing the highway speeds. But IIRC, it will cost close to 10 lakhs. I read it in the BSM website sometime back.
deetjohn is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
PIC : Mahindra's Mojo 300cc caught testing near Pune. EDIT: Now Launched Redline6800 Motorbikes 229 17th November 2016 15:48
Mahindra launches XUV500 Automatic in Australia. EDIT: Now Kenya too Omkar The International Automotive Scene 15 6th June 2016 08:38
Mahindra unveils KUV100 compact SUV. EDIT: Now launched at Rs. 4.42 lakh (ex-Pune) fusionbang The Indian Car Scene 481 3rd March 2016 19:04
Delhi Traffic Police now on Facebook! EDIT: Now Goa too! Bubby Street Experiences 21 22nd May 2011 02:34
Any Bangalorean, want to test drive REVAi electric car? Arun3 The Indian Car Scene 23 17th December 2007 08:34


All times are GMT +5.5. The time now is 21:38.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks