About Us
Mahindra Reva is part of the $7.1 billion Mahindra Group, one of India’s leading MNCs. The Mahindra Group employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.
Mahindra acquired a 55.2% stake in
Reva Electric Car Company on 26th May 2010, renaming the company as Mahindra
Reva Electric Vehicle Company (Mahindra Reva).
Reva Electric Car Company was established in Bangalore in 1994 as a joint
venture between the Maini Group of Bangalore, India and AEV LLC of California,
US. Its REVA electric vehicle was first commercially available in Bangalore
in 2001 and in London in 2004, under the G-Wiz brand. REVA is a technology
innovator with the largest deployed fleet of electric cars in the global
market today, available in 24 countries across Europe, Asia and Central
and South America with more than 3,500 of its vehicles on the road and
the accumulated data from more than 100 million km of user experience.
Mahindra and Reva bring together
complementary strengths. With Mahindra’s engineering expertise,
global distribution network, sourcing clout and financing support, Reva’s
vehicles have the potential to significantly gain in market penetration.
Mahindra will also benefit from Reva’s EV technology for its own
products and the association with Reva will help Mahindra further expand
its green footprint both in India & overseas.
Mahindra Reva will now be able to
scale, innovate and accelerate and to deliver better products to more
customers in more places.
Dr Pawan Goenka is the Chairman of
the newly constituted board and Mr Chetan Maini will continue to play
a leading role in Mahindra REVA as Chief of Technology & Strategy
and will continue to be on the board.