The brand new Mahindra Reva NXR is expected to be launched in the Indian car market by the end of this year. The car will be bestowed with responsive and strong front disc brakes and the rear has drum brakes to ensure a safe drive for the passengers. The strong steel frames of the body offer more protection in case of an accident or collision. The efficient Xenon headlamps are also present to make you night drive perfect and not problematic. Its smooth and easy handling would certainly impressive you to the core.
India’s only electric car manufacturer, Mahindra Reva owned by Mahindra & Mahindra, which is all set to roll out its much awaited project, the Reva NXR, first four-seater by the giant during the festive season is planning to keep the pricing of the vehicle about 20% higher than that of the other petrol hatchbacks available in India. And if that happens, the Reva NXR will be priced equal to many luxury hatchbacks including the segment toppers Maruti swift and Hyundai i20 diesel versions.read more
India's electric car maker, Mahindra Reva owned by M&M is aiming to expand its range in the next few years observing the rising demand for electric vehicles on account of surging fuel expenses. Commenting on the expansion plans, Founder and Chief Technology Officer for Mahindra Reva, Mr. Chetan Maini said that the company is planning to launch one new variant every year for the coming 2-3 years on the Mahindra Reva platform and there will be some new platforms as well.read more
The Reva electric car has hit rock bottom with a decline of 50 percent in its sales which is the direct result of lapsing of a sizable subsidy scheme that was offered by the Ministry of New and Renewable Energy. This subsidy scheme lapsed six months before a new and better policy from the National Council of Electric Mobility was supposed to be rolled out. The subsidy amounted to the cheaper of the two prices - 20% of ex-factory price or Rs. 1,00,000; this had made Reva cheaper by Rs. 75,000 – 93,000. According to the President of Automotive Sector of Mahindra & Mahindra, Mr. Pawan Goenka, the company is taken aback by the withdrawal of this subsidy and expects this setback to continue. Two years ago, Mahindra & Mahindra group acquired the major holding of the Reva electric car. After the subsidy lapse took place on March 31, the current prices of Reva models stand at Rs. 4-4.87 lakh (ex-showroom Bangalore).read more