Mahindra REVA Electric Vehicles Pvt. Ltd. (Mahindra REVA), one of the pioneers of electric vehicle technology in India, announced that its REVAi vehicle will be available at select Mahindra dealerships in Hyderabad.
This is the first major initiative announced by the company post its acquisition by the US $ 7.1 billion Mahindra Group in May 2010. The Honourable Sabita Indira Reddy P. from the Ministry of Home, Jails, Fire Services and Sainik Welfare, handed over the keys of the first two REVAi vehicles to Mr. Anurag Bajaj of the Park Hotel, Hyderabad.
“We are delighted to launch the REVAi in Hyderabad where there is already a great deal of interest in our vehicles. With issues such as climate change and carbon footprint taking centre stage globally, eco-friendly transportation has become the need of the hour. The electric vehicle market is hence, poised to grow rapidly. Mahindra’s extensive distribution network, coupled with our unique finance plan will help us make significant inroads into the local market,” said Mr. R. Chandramouli, Chief of Operations, Mahindra REVA.
The company has also tied-up with Mahindra finance which will enable them to offer customers a unique financing plan. REVAi buyers can now pay an interest free, refundable deposit of Rs. 1,00,000/-, followed by monthly instalments of Rs. 8999/- for a period of 36 months (3 years) and drive home a REVAi. At the end of 3 years, the customer can either continue using the car by making a final payment of Rs. 50,000/- or return the car and claim the refundable deposit of Rs. 1,00,000/-.
The REVAi is a technologically advanced car equipped with a `boost’ mode for acceleration and power. It also has a ‘hill restraint’ feature which allows enhanced negotiation on slopes. As an eco-friendly and economical car, it offers ease of driving without clutch and gears. Its small size makes parking hassle-free and manoeuvrable for safe driving on city roads. Further, the vehicle can drive at 80 km per hour with acceleration from 0-40 km in 7 seconds.
REVA’s patented technology incorporated in its Energy Management System (EMS) ensures optimum performance and life from the battery. The car also has a regenerative braking system by which energy is pumped to the battery while slowing down or applying the brakes. With a range of up to 80 km per charge, the REVAi is suitable for most journeys within the city. Its automatic drive, no emission and no noise make it the ‘perfect city car’.