Mahindra Reva Electric Vehicles, a subsidiary of Mahindra Group, has inaugurated a new automobile factory in Bangalore, India.
The new assembly plant has an annual capacity of 30,000 cars and is expected to start production in September 2012.
Mahindra has bought a majority stake in Reva Electric Car Company in May 2010 and renamed it as Mahindra Reva Electric Vehicles. The new plant will build electric vehicles, with Mahindra using the opportunity to unveil its vision related to the future of mobility, expressed using 5 C’s – Clean, Convenient, Connected, Clever and Cost Effective.
According to Mahindra & Mahindra president, Pawan Goenka, EVs are being considered as a viable alternative to conventional automobiles. This is why the Indian carmaker wants to take a lead in developing electric vehicles.
“The new manufacturing plant is, in a way the first tangible proof point of the Future of Mobility – this is the first purpose-built, ground-up EV plant in India, the first manufacturing plant to get IGBC platinum rating, the first plant where cars get their first fill using solar power. In fact, this plant will consume the least amount of energy per car build, with 1/3rd of this energy coming from solar power,” Goenka said at the inauguration.