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REVA Export Outlook Bright
July 3, 2001 - Times of India

Will India's electric car REVA notch up more sales through exports than in the local market?

Chetan Maini, MD, REVA Electric Car Company, told The Times of India that the company has received enquiries from over 30 countries in Europe and the Asia-Pacific and hopes to sign up with a least two in a few months.

And as expected, price is the winning factor. While abroad, these cars are priced between $13,000-15,000, REVA will sport a price tag of $7,000, making it the cheapest electric car in the world.

Going by the response so far, Maini expects first year sales to have up to 50 percent contribution from exports. Professor Chan, president, World Electric Vehicle Association, who was in Bangalore to attend a function commemorating the formal delivery of REVA cars on Saturday, said a Chinese delegation from the Beijing Enterprises Holding Ltd will visit Bangalore on July 10 to assess investment opportunities in infrastructure, food processing and other sectors and will also look at marketing the REVA in China.

- Deepanjali Bhas

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