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Indian Firm Reva Probing Slovakia for Production of Electric Automobiles
Friday 12 March 2010 Zoom in | Print page
Bratislava 12 (TASR) - Reva Electric Car Company (India) is interested in having a factory in the European Union from which to launch its Reva electric car and the company is exploring Slovakia, the Economy Ministry reported on Friday following Reva's representative Ravi K. Rishi's meeting with Economy Minister Lubomir Jahnatek on Thursday.
If it opts for Slovakia, Reva would prefer the area around Banovce nad Bebravou (Trencin region) as its mother company Vectra Group already has a production facility there that makes, among a host of other things, trucks.
Vectra Group is the main shareholder in Banovce nad Bebravou-based company Tanax, which, together with Indian company Beml Limited, is a key business partner to Trencin-based firm called Konstrukta Defence.
Jahnatek said that Slovakia is highly interested in value-added investment projects in which the so-called green technologies are involved. Rishi told Jahnatek that his company has had a positive experience doing business in Slovakia.
Reva Electric Car Company, established in 1994 and headquartered in Bangalore, is one of the world leaders in production of environmentally-friendly vehicles. As far back as 2001, the firm launched production of the first Indian electric car which is fully-automatic, with zero emissions, designated mainly for urban traffic use. The vehicle is easy-to-use and known for economical performance, and is now being exported from India to 24 countries.
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