Mahindra trying to back away from another U.S. deal?
As part of the suit, Bannon Automotive is seeking to force the Reva Electric Car Company to give the American manufacturer a license to build the NXR electric car and to prevent any other company from doing the same. Bannon had previously said that the NXR would be able to travel up to 120 miles on a single charge and would cost somewhere between $17,000 and $25,000.
Bannon had signed a memorandum of understanding with Reva in October, but after Mahindra bought the company, it was made clear that the NXR wasn't ready for manufacture here in America. Meanwhile, Bannon is convinced that Mahindra is planning to make or sell its own electric car in the U.S. without its former partner. Thanks for the tip, Christian!
[Sources: Mahindra Planet, The Post-Standard]
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