Mahindra acquired Reva
In China, there wasn’t even one lithium ion battery maker 10 years ago. Today, there are 500 lithium ion battery makers. But in India, there still isn’t even one.
The Reva NXR will run on a lithium-ion battery and will have a top speed of 104 kmph and a range of 160 km on a full charge.
Reva’s Bommasandra factory: Maini has put in place a low-cost assembly line to produce the car at extremely low volumes at low costs. The shell is first fitted on wheels with tubeless tires and rolled from one workstation to the next. Its body is made of strong and colored polymer plastic that is light and dent and scratch proof. It has to be light to compensate for the extra weight of the batteries that power the car.
The Maini group companies supplied all the car’s components, except the battery (Exide), the motor (Kirloskar Electric), motor controllers (Curtis) and accessories (Modular Power Systems). They supplied the composite car body, all stampings, axles, brakes, suspension, wheels & hubs and a host of electrical parts, including the wiring harness, charger and integrated circuits. The energy management system used in the Reva, activated remotely by the company, IT-enabled system has the ability to optimize battery usage for the car owner. There is provision in the car that extra-battery capacity can be released for someone, if they are stranded without a charging point around.
But Losses at RECC began to mount. The underpowered Reva (with a motor peak rated at 4.5 kw) sold about 3,500 units only. In the world, electric cars are now much closer to internal combustion powered cars.