Monday, February 16, 2009

Reva bucks recession with expansion plan

While most vehicle manufacturers are lying low and working out strategies to deal with dipping sales, the Bangalore-based Reva Electric Car Company is going ahead with plans to set up a new assembly plant in the garden city, thanks to growing demand from both within India and abroad. The new facility will have a capacity of 30,000 units per annum. The 18,212 square metre production plant has a contemporary design and low energy requirements. It is being built to the LEED (Leadership in Energy and Environmental Design) green building rating system standard.

New Reva to volt in

Meanwhile, a 10-member group of the India Youth Climate Network (IYCN) recently completed a successful journey across India in three solar plug-in Reva cars. Their 3,500km journey began from Chennai on January 3 and finished in New Delhi on February 5, traversing 15 cities.

While IYCN’s aim was to raise awareness about climate changes and talk about solutions to the problem, the Maini Group got a good testing ground for its new Reva slated to be launched in May 2009. According to Alexis Ringwald, IYCN member and co-founder of Valence Energy, one of the partners for the drive, "Even if climate change were not happening, these solutions can address India’s environmental sustainability, economic development and energy security."

The new Reva will come with Lithium Ion Phosphate batteries which will help the car more than double its range to 200km. It will also get roof-mounted solar panels, which promise to augment the drive power and help achieve better range. The new Reva will also get fast charge ports as options – these will help it achieve 90 percent charge in an hour’s time. There is also a new iEMS proprietary energy management system. However, the biggest challenge to the new Reva could be the steep price which is expected to be almost double to around Rs 5 lakh.

According to Chetan Maini, deputy chairman, RECC, “We are aiming the Reva as a second car for those families who need a car for city use.” The company plans to tie up with banks for finance and sell the lithium ion batteries separately.

Source; http://autocarpro.in/contents/NewsDetails.aspx?NewsID=482

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