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30 Sep 2009 HEADLINE


Reva Electric Cars To Be Sold Through GM Dealerships in India



Source: Hindu Business Line/India
Class: SYNDICATED NEWS

SYNOPSIS: GM also considering introducing Volt in India shortly after North American introduction.

Bangalore, India -- General Motors has finally been able to raise most part of the $200 million required for its power train plant in the country from a consortium of Indian and foreign financial institutions.

“We did not have a problem raising the required amount,” General Motors’ India President and Managing Director, Mr Karl Slym, told Business Line. While a large part of the funds was raised from financial institutions, the rest was from internal accruals.

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