MUMBAI, feb 6
Reva Electric Car Company on February 5 announced that it will launch a new model powered by advanced battery technology this year and also establish its second manufacturing plant in the country.
The company said that they will add another factory to the existing one in Bangalore with installed capacity of 30,000 vehicles.
The company said that they have already sold more than 500 vehicles and will touch 1,000 this fiscal. The aim is to sell 4,000 vehicles next year, about half of which will be exported.
Reva also intends to strengthen its distribution network. The company has exclusive showrooms in Delhi and Bangalore and sales outlets in cities like Pune and Hyderabad.
The company said that they have tied up with Reliance Digital to sell through their network and plan to enter another 15 major cities by the year-end.
