Friday, September 25, 2009

GM, Reva to jointly roll out more electric vehicles

The Indian arm of General Motors (GM) Thursday said it is partnering Bangalore-based electric car maker Reva to develop and produce electric vehicles for the Indian market.

According to General Motors India managing director Karl Slym, the initiative was "in line with government objectives to reduce fossil fuel dependence".

"We are going to work closely with the central and state governments in India to develop infrastructure for electric vehicles charging and providing specific financial benefits to consumers," Slym said.

Describing electric vehicles as "a growth area around the global automotive industry", GM's president of international operations Nick Reilly said: "This cooperation with Reva in India will accelerate GM's progress to meet the emerging needs in many parts of the world."

Reilly said his company was pursuing several energy alternatives and advanced technology options to meet the changing needs of customers around the world.

"Electrically driven vehicles, based on battery and hydrogen fuel cell technology, offer the best long-term solution for providing sustainable personal transportation," he added.

The two companies have already started the feasibility study of GM's vehicle platforms to produce electric cars and are expected to announce the details shortly.

Reva had launched its electric car in 2001.

GM India, which has been unaffected by the bankruptcy proceedings of its parent in the US, is central to the company's global growth strategy.

Agencies

No comments:

Post a Comment

Thanks for posting your comments. Do continue to visit
http://blogspot.siliconvillage.net for more news, features and interviews in business, technology, gadgets related areas.