Reva is scouting for partners to make electric cars in US, Europe

Reva, Bangalore based Electric Car Company said it is searching for partners in the US and Europe for setting manufacturing bases. Deputy Chairman and Chief Technology Officer Chetan Maini said the company is having negotiations with some local parties but nothing has been finalised as yet.

Chetan Maini also said the company aims to increase sales to 30K units in three years from less than a 1,000 units per year currently. Chetan Maini also told that the sales will be around 50-50 from domestic market and exports. Reva, which had recently entered into an agreement with General Motors India for launching electric version of the compact car Chevrolet Spark, said it was also open to do partnership with other companies.

Reva's technology is useful for all sorts of vehicles from three-wheelers to big cars. But for the time being the focus will remain on the electric Chevrolet Spark for the Indian market. Reva will launch its new electric car model Reva NXR, which was showcased at the Frankfurt Auto Show, early next year globally and the other model Reva NXG will be rolled out by early 2011. Volkswagen Beetle and Mitsubishi Lancer Evolution X will be soon launched in India.