Mahindra Reva plans to launch 2 new products this year

Mahindra Reva is planning to launch two new products in the Indian market by the end of this year. This revelation was made by the company's Senior General Manager, Pawan Sachdeva, at the 2nd National Workshop & Exhibition on FAME India.

Mr. Sachdeva commented that the company believes that inflexion point of the electric vehicle industry has been reached. He pointed that 42 percent of the total electric vehicle sales in the world happened last year.

He also suggested that the Indian market players, government, as well as 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.

Source: ET Auto