Mahindra Reva Electric Vehicles Ltd. (MREVL), makers of battery-powered cars mainly sold in the Indian market, has announced that it's ready to launch its next-generation Reva-i electric at a starting price of just Rs 3.10-lakh ($6,785 U.S. at the current exchange rate). The Reva-i, sold as the G-Wiz in the UK, is a battery-powered micro car that's classified as either a neighborhood electric vehicle or a quadricycle, depending upon where its sold.
MREVL anticipates that the Reva-i model, along with other vehicles that are expected to launch soon, will boost annual sales and assist the company with its goal of branching out into additional markets. MREVL is looking to expand its dealership network from the ten that exist in India today, to more than 100 in over 60 Indian cities by the end of 2012. In addition, the company is working on a four-seat electric that it plans to roll out by the end of 2011.
[Source: Car Trade India]