The Bangalore-based REVA Electric Car Company manufacturers of the firs on-road electric car in India, is looking at developing more models to add to its portfolio of products.

REVA is also slated to achieve cash breakeven from an operational point of view in the current fiscal, according to a senior official of the company. Chetan Maini, Managing Director, REVA Electric, said the company was looking at developing niche products that will address the city mobility market in the medium term.

" In the next two years we are looking at developing products such as mini-busses and city taxis on the same electric platform," Maini said. The company has so far been able to sell about 400 units of its electric car 'REVA' and expects to close the current financial year with domestic sales of about 1000 units.

REVA has also tied up with Going Green plc of UK, which will import about 1,000 units during the current fiscal for sale, lease and rental purpose in the country.

Maini said. "An electric car makes lot of sense in a city like London. In central London they charge five pounds per day for parking, but if you were to use an electric car, there are no charges," Maini said. Maini also said that by February the company would have received certification, allowing sales of its car in Europe.

"In Europe each component has to be certified before the car can be sold and we expect the process of certification to be over by next month," he said.

- Sanhay K Pillai