With an estimated price tag of $100 million, industry people with information are suggesting that Mahindra and Mahindra are buying Reva in a day or two. Speculations were given a further push when M&M's share prices fell by 2.48% at the Bombay Stock Exchange (BSE) yesterday. Reports suggest that Mahindra will take complete control over the Bangalore based electric car manufacturer, but will keep... 

Revolutionary electric car technology from Reva has impressed major car manufacturers in India. Reports suggest, RECC- Reva Electric Car Company is already in talks with car manufacturers for a possible tie up. RECC already have a tie up with world major GM for their e-Spark variant which was on display at the 2010 Auto Expo in Delhi. GM had reported e-Spark will be road ready by mid 2011. The company... 

Northern Lights Energy(NLE), one of the biggest providers of infrastructure and services for electric vehicles (EVs) in Iceland has signed an agreement with Reva Electric Car Company (REVA) to develop the electric vehicle market in Iceland. NLE will have exclusive distribution rights of Reva electric cars including the recently launched NXR all over the Iceland. Iceland is also one of the many countries... 

Reva which shot to fame with the launch of its electric car has informed that it will launch a new model of the E-car with advanced battery technology by May 2010. Sources revealed that the new car will travel through 120 kms in single charge and thus will make it more ideal for city driving. Additionally, the new lithium-ion based battery will take less time to charge (approx. 60 minutes). The company...