At the end of May, Mahindra and Reva announced that they would team up, forming a new outfit called Mahindra Reva Electric Vehicle Company. The tie-up granted Mahindra a 55.2 percent stake in Reva and gave the company access to Reva's electric powertrain technology. Turns out, a whole slew of Mahindra vehicles like the Bijee and Maxximo mini-truck and "other M&M vehicles" were chosen as potential candidates for Reva's electric package.
Now, more than half a year after the signing, Mahindra Reva Electric Vehicles has come forth with its battery-powered production plans. The Economic Times reports that a top official at Mahindra Reva revealed that the company is intent on selling 2,500 electric cars in India by the end of 2011, moving 1,200 by March. Mahindra Reva's new plant in Bangalore, India, which is scheduled to come online next April, has capacity to produce 30,000 units per year, so future production targets may increase substantially.
[Source: The Economic Times of India]