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REVA to Increase EV Production Capacity 5x
28 June 2008
Times of India. REVA Electric Car Company (RECC) plans to increase its production capacity from 6,000 to 30,000 units by the end of the year because of increased demand.
“We have just completed our test marketing period and now we are expanding our sales to Delhi. To meet the growing demand of REVA, we will be ramping our production capacities by five fold by the end of this year,&rddquo; REVA Electric Car Company Deputy Chairman and CTO Chetan Kumar Maini told reporters here. However, the company would start utilising the full capacity after three years, he added.
REVA is planning one new model and one new variant each year.
The Delhi government has announced a range of incentives on battery operated vehicles, such as a 15% subsidy on the base price of the vehicle, a 12.5% exemption on VAT and refund of road tax and registration charges, totalling a 29.5% incentives on all types of electric vehicles.
June 28, 2008 in Brief | Permalink | Comments (2) | TrackBack (0)
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Posted by: HarveyD | June 28, 2008 at 10:46 AM
A 5x increase in production with expectations of full sell out while American cars sit on the lot.
30,000 units is still a very small number, so we can expect even bigger production next year.
Posted by: | June 28, 2008 at 02:53 PM
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Viva Reva & Delhi.
That's the way to do it. A 25+% subsidy + a very low unit cost to start with, Reva and other local manufacturers will sell as many BEVs they can produce.
Those lower cost BEVs could become strong exports to neighbouring countries.
Local 3-wheelers could also be progressively electrified to curtail GHG & smog in their large cities and reduce liquid fossil fuel consumption.
India and China (for 1001 reasons) will most probably become world leaders for lighter, lower cost BEVs production. It won't take long before more complex units are exported to USA/Canada.