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Mahindra is being busy at the New Delhi Auto Show, unveiling two electric cars: the Mahindra Reva Halo EV concept sports car and the Mahindra Racing Formula E electric race car. If reports are to be believed, the Indian company wants to build the Halo as, well, a halo electric car for the brand. Reva could use it, since long-time electric vehicle fans will most likely associate the Reva name with the unloved G-Wiz.

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Indian automaker Mahindra and Mahindra Ltd. will be launching an electric version of its Verito Sedan next year. EV technology made by its subsidiary Reva will be used in the e-Verito, said Ravindra Shahane, senior general manager, marketing, automotive division of Mahindra.

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Reva NXR – Click above for high-res image gallery

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Turns out, "a person with direct knowledge" was right. Mahindra and Reva announced today they have teamed up to form a new company called Mahindra Reva Electric Vehicle Company that will see Reva's electric powertrain technology put into Mahindra & Mahindra vehicles. Mahindra will also take a 55.2 percent equity in Reva Electric Car Company and has invested about $10 million in the new company. New corporate details are available after the jump, but what we care about is what this might m

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Reva NXR – Click above for high-res image gallery

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