Mahindra Reva mulls an assembly unit in Australia
Last Updated at
- 02:12 pm, February 24, 2012
The company's new product, NXR will be exported to the country 'down under' to gauge the market demand.
Mahindra Reva Electric Vehicles have reported that the company is planning to establish its first overseas assembly facility in Victoria, Australia. The Indian automaker is in talks with the government of Victoria, to support a feasibility study to explore potential for research, supply chain development and manufacturing of clean technology vehicles there. The deliberation process and the final decision will be made before the end of this year.
"We are looking at the possibility to set up a local assembly unit in Victoria. A feasibility study is going on at present and it is expected to complete in the next six months." Mahindra Reva Electric Vehicles, chief of strategy and technology, Chetan Maini said in a statement.
In the initial process, the company will start exporting its future models to Australis from India to gauge the market demand of its products there. "Our next product NXR will be launched later this year. Then, we will start exporting from next year to many markets and Australia is one of them" Maini said.
A final decision will be taken once the feasibly study is completed. Currently, the company manufactures its products only in Bangalore and is in process of setting up its second facility in the city.
First Published on 02:12 pm, February 24, 2012
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