Last week, General Motors and the Reva Electric Car Company signed an agreement to collaborate on electric vehicles for the Indian market.
By collaborating, GM India and REVA aim to begin the transformation of the Indian car market. By bringing together two established companies to build electric vehicles, GM and REVA hope to reduce the costs associated with EVs, making inexpensive, efficient vehicles available to the masses in India.
“We are pleased to join hands with REVA to bring affordable small-car platform-based electric vehicles to the market in line with government objectives to reduce fossil fuel dependence,” said Karl Slym, president and managing director of GM India. “GM’s ability to develop platforms and REVA’s capability in developing electric drivetrains and control systems will result in the consumer having a wider choice of EVs.”
“We are going to be working closely with the Central and State Governments in India to develop infrastructure for electric vehicle charging and providing specific financial benefits to consumers who make the choice to adopt an environment friendly mode of personal transport.”
By collaborating with an established EV maker, GM hopes to accelerate its progress in the inexpensive electric car arena to meet emerging needs in many parts of the world. GM will begin producing one electric vehicle -- the Chevrolet Volt -- late next year, but its estimated base price would be prohibitively expensive in the Indian market.
“This unique collaboration symbolizes a global trendsetter for partnerships that will result in far reaching changes in the industry,” said REVA Deputy Chairman and CTO Chetan Maini. “Each of the partners will use its strengths, with the aim of making India a global hub for the development and manufacture of electric vehicles and related technologies. I am extremely happy that we have found a partner in GM India that shares our passion for reducing carbon emissions.”