According to a report by Rushlane, Mahindra Reva had launched their all new electric car Reva I
in five different cities in India earlier this year. The company is still set to officially launch the car in Gujarat as they are waiting for the Gujarat Government to provide some incentives to buyers. The Business Line of Reva-i is already available in the second hand car markets of Gujarat.
According to Mr. S. Waghani, a dealer of the used car market from Navrangpura, Ahmedabad said, The Reva-I runs around 70-80 kilometers for a single charge, and that is sufficient for intra-city travel. With fuel prices going up on regular intervals, people are increasingly getting interested in alternate fuel vehicles or even electric cars.
The report in Business Line also said that about 10-12 people inquire about the car model in the used car market every month. Mahindra launched Reva-i in Pune with a price tag of Rs 3.1 lakhs while it was launched in Bangalore and New Delhi which are sold at approximately Rs 2.75 lakhs approximately as the government gave 29.5% subsidy on electric vehicles.
He also added that The car runs on a battery which is replaced every three years and costs around Rs 50,000. Those used cars which have recently replaced their battery kits, are coming in for a high price, as the car is almost as good as new then. Others are slightly cheaper at around Rs 1.4 to 1.6 lakh. Moreover, as the car is not available yet in the Gujarat market, the used car market is enjoying a slight premium.
the first REVA electric car, REVAi is to be manufactured after $7.1 billion Mahindra&Mahindra took over and finally launched in Hyderabad.
As of now, the electric car is already available at all Mahindra dealerships in Hyderabad. The very first proud owner of the first REVAi was Anurag Bajaj of Park Hotel in Hyderabad and he was very happy when the keys were finally handed over to him by Sabita Indira Reddy P.
On the occasion, Mr. R Chandramouli, the Operations Chief of Mahindra REVA said We are delighted to launch the REVAi in Hyderabad where there is already a great deal of interest in our vehicles. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. The electric vehicle market is hence, poised to grow rapidly. Mahindras extensive distribution network, coupled with our unique finance plan will help us make significant inroads into the local market.