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.
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.
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