General Motors India are in advanced talks about a technical collaboration and a joint venture with Bangalore-based Reva Electric Car Company. GM India will source electric vehicle technology from Reva to roll out electric variants of its Chevrolet Spark small car in India and select overseas markets.
The two companies will enter into a 50:50 joint venture (JV), which is currently awaiting the green signal from GM’s Detroit headquarters. If the JV goes through, it will be GM’s first deal since it filed for Chapter 11 bankruptcy.
The Reva tie-up will allow General Motors to source EV technology from a low cost source. While REVA EVs are relatively low tech, they can claim to be the leader in EV sales with over 1,000 on UK roads.
Reva has just announced that it will unveil two new models at the upcoming 63rd Frankfurt International Motor Show. The Reva NXR (next revolution), a sporty two-seater with a targa roof, will go into production in 2011 and the REVA NXG (next generation) will be available from next year.
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Sunday, September 13, 2009
GM in JV talks with REVA about an EV version of the Spark
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