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Mahindra Reva opened its second electric car plant

Mahindra Reva Electric Vehicles has opened its second factory in Bangalore today. It is world's largest plant which is dedicated for assembling electric vehicles. This is their 2nd south India factory, as they already have another factory in Bangalore. This new factory can manufacture 30,000 vehicles per year, but during initial stages, it will start with 6,000 vehicles per year.

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The Inauguration of this plant was done by Anand Mahindra-the chairman and managing director of Mahindra. Mr. Mahindra said that India has limited market for Electric cars, as it cost more than gasoline, diesel or petrol vehicles because of their lithium-ion batteries which are imported. He also said that in-order to make electric car prices more affordable, Governments around the world should offer incentives to companies which build eco-friendly electric vehicles and lower cost batteries for these vehicles.

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Chetan Maini, the chief of strategy and technology at Mahindra Reva Electric Vehicles told reporters that the plant has cost more than 1 billion rupees to the company. According to him, at present, Mahindra Reva manages to export its Reva range cars to few countries in Europe. The company plans to increase its exports to the European markets next year with its new Reva NXR electric car.

Mahindra Reva Electric Vehicles was formed in May 2010, when automaker Mahindra and Mahindra acquired the Reva Electric Car Company. Currently, Mahindra Reva manufactures Reva I -which travels 80Km per battery charge, and Reva L-ion - which travels 120 km per battery charge.