It was already expected of Reva and now proving the speculations right, the Indian electric car company is making a clear entry into the American car industry.
It was only last week that the Reva had unveiled its two new electric car models, NXR and NXG, in the Frankfurt Motor Show. These new cars are believed to have engrossed much of praise and admiration. There are now reports about how the company is now planning to build a really huge auto plant in upstate New York.
This multimillion-dollar plan of Reva is now going through the process of getting approved. And the company is curiously waiting for the moment with fingers crossed.
The first and the only car manufacturer of electric cars in India, Reva has already exported its battery run car, Reva, and has made a very appreciative global presence.
But the two new models NXR, the four-seat hatchback, and the NXG, the two-seater sports car will be, for sure, contemporary models from the auto maker and will surely help the company do more profitable business.
There are, more than certainties, speculations about the financial source and other matters such as the time when the plant will start working and if the company is half way through deciding for a plant in the country why is it that there have not started hiring people. It was expected that in India the company would launch both its new models, NXR and NXG, by 2011 but it is still not known when it will mark its entry in the global market.
The deal the company has been waiting for includes state and federal incentives. The company may not completely dependent on the $40 million in federal Department of Energy loan guarantee funding. And with more and more Indian companies starting their plants at different parts of the world, like Tata Motors acquiring loan for its electric car plant from the British government, it is a moment of pride and joy.
It was only last week that the Reva had unveiled its two new electric car models, NXR and NXG, in the Frankfurt Motor Show. These new cars are believed to have engrossed much of praise and admiration. There are now reports about how the company is now planning to build a really huge auto plant in upstate New York.
This multimillion-dollar plan of Reva is now going through the process of getting approved. And the company is curiously waiting for the moment with fingers crossed.
The first and the only car manufacturer of electric cars in India, Reva has already exported its battery run car, Reva, and has made a very appreciative global presence.
But the two new models NXR, the four-seat hatchback, and the NXG, the two-seater sports car will be, for sure, contemporary models from the auto maker and will surely help the company do more profitable business.
There are, more than certainties, speculations about the financial source and other matters such as the time when the plant will start working and if the company is half way through deciding for a plant in the country why is it that there have not started hiring people. It was expected that in India the company would launch both its new models, NXR and NXG, by 2011 but it is still not known when it will mark its entry in the global market.
The deal the company has been waiting for includes state and federal incentives. The company may not completely dependent on the $40 million in federal Department of Energy loan guarantee funding. And with more and more Indian companies starting their plants at different parts of the world, like Tata Motors acquiring loan for its electric car plant from the British government, it is a moment of pride and joy.
Labels: Electric-Cars, Maini-REVAi, REVA, Reva-NXG, Reva-NXR, Revai-cars, Tata-Motors
