The Reva Electric Car Company has officially made the REVAi (A.K.A. the G-Wiz i) available for sale in its native India. It has high expectations for sales of the improved award winner in its homeland, saying they would be very happy to sell 3,000 vehicles in Delhi this year. No doubt, since it has only sold 2,500 units so far in 13 other countries. They expect and are preparing for a sharp increase in demand as the company plans on quintupling its production capacity from its current 6,000 units per annum to 30,000 by the end of this year, although it may actually take a full three years to ramp up to those output numbers.
Besides not having an expensive-to-fill gas tank, REVAi sales may also benefit from several tax incentives. There is a 15 percent subsidy on the base price, it's exempt from a 12.5 percent value added tax (VAT), and, in Delhi, it gets a refund of a road tax and registration fees. After all the discounts, Indians are looking at a base price of Rs299,000 (US$7,000) for the 50 mph capable, 80 mile ranging (50 miles with the A/C) vehicle. Future plans include adding a new model and new model variant in each of the coming years and possibly the creation of something a bit bigger.
[Source: Automotive World]
Besides not having an expensive-to-fill gas tank, REVAi sales may also benefit from several tax incentives. There is a 15 percent subsidy on the base price, it's exempt from a 12.5 percent value added tax (VAT), and, in Delhi, it gets a refund of a road tax and registration fees. After all the discounts, Indians are looking at a base price of Rs299,000 (US$7,000) for the 50 mph capable, 80 mile ranging (50 miles with the A/C) vehicle. Future plans include adding a new model and new model variant in each of the coming years and possibly the creation of something a bit bigger.
[Source: Automotive World]
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