REVA to Boost Electric Car Production in India Five-Fold
NEW DELHI: Electric carmaker REVA Electric Car Company (RECC) on Wednesday said it will ramp up its production capacity by five fold this year on account of increased demand amidst rising petroleum prices.
The company currently has a capacity of 6,000 cars a year and is expanding its production to 30,000 units by the end of this year entailing an investment of up to $ 20 million.
"We have just completed our test marketing period and now we are expanding our sales to Delhi. To meet the growing demand of REVA, we will be ramping our production capacities by five fold by the end of this year," REVA Electric Car Company Deputy Chairman and CTO Chetan Kumar Maini told reporters here.
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