Bavina Cars India, a new electric car company, is setting up its manufacturing plant in Tamil Nadu. It will launch its new electric car model in India by 2011. Tamil Nadu State government has already allotted 100 acres of land in Special Economic Zone in Ranipat which is currently being promoted by the State Industries Promotion Corp of Tamil Nadu. With an initial investment of Rs.300 crores, the company will be able to roll out 25,000 units annually from 2011.
Currently, the electric car market in India is dominated by sole player Reva Electric Car Company. Reva also marks its strong presence in the overseas markets, especially the UK. With the launch of new models in the country and a competitor, India will have now have more options to choose from.
The overseas model for electric cars is also quite fresh and even Tata Motors is also planning to launch its electric car this year.
No comments:
Post a Comment