Ub News

Electric cars for the India Auto market:-Electrically driven vehicles prove to be the best substitute currently as it ensures cheap and environment friendly transportation to the people. General Motors India, the wholly-owned subsidiary of American carmaker General Motors Corporation has signed an agreement with the Bangalore-based Reva Electric Car Company, world’s leading electric car manufacturing company. General Motors and Reva have decided to partner and produce electric cars for the India Auto market. The MOU was signed between Karl Slym, president and managing director, General Motors India and Chetan Maini, deputy chairman and chief technology officer, REVA.
“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, GM India. “GM’s ability to develop platforms and REVA’s capability in developing electric drive-trains 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.”
Reva has established itself as a successful company in the same segment since it launched Reva in the Indian market in the year 2001.Mr Karl Slym said that such a step was taken by the two companies in order to reduce the dependency of the country on fossil fuels and that both the companies have decided to Invest and develop in setting up of infrastructure for electric vehicles across India dealing with the setting up of charging stations , Financial provision to encourage people to opt for electric cars etc involving the state governments of the country . In the world where dependency on fossil fuels is increasing by the day , Emerging markets like India are encouraging markets for the growth of technologies that run on alternative sources of energies.

REVA deputy chairman and chief technology officer Chetan Maini said, “This unique collaboration symbolises a global trendsetter for partnerships that will result in far reaching changes in the industry. 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.”
It was stated that the two companies are focussing deeply on all the aspects of carrying forward the agreement and start production and development in the same as soon as possible.