Mahindra Reva Electric Vehicles, part of the $15.4bn Mahindra Group, has opened its automobile manufacturing facility in Bangalore, India.
The new manufacturing facility has a capacity to produce 30,000 cars annually, and is expected to start production in September 2012.
In May 2010, Mahindra had acquired a majority stake in Reva Electric Car Company and renamed it as Mahindra Reva Electric Vehicles.
In addition to opening new facility, the company has also unveiled its vision to co-create and shape the future of mobility.
Mahindra & Mahindra president and chairman of Mahindra Reva Electric Vehicles Pawan Goenka said that EVs are being seen as a serious alternative to fossil fuel driven cars and the company wants to take a lead in developing the EV segment and the surrounding ecosystem.
"The new manufacturing plant is, in a way the first tangible proof point of the Future of Mobility - this is the first purpose-built, ground-up EV plant in India, the first manufacturing plant to get IGBC platinum rating, the first plant where cars get their first fill using solar power," Goenka said .
