As conventional car firms the world over announce lay-offs and plant closures, Reva, the India-based electric car manufacturer behind the iconic G-Wiz, has today announced plans to increase its production capacity four-fold with the construction of a new assembly plant in Bangalore.
Despite widespread recent reports that sales of electric cars have been badly affected by the economic downturn, the company is to invest in a new plant with a capacity of 30,000 units a year designed to serve what the company regards as a still fast-expanding global market.
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I strongly feel development of ecco friendly cars/vehicles are dire necessities in Indian scenario, simultaneous planning and development in economic urban transportation and Infrastructure area similar to what China is doing is more of an urgent need.
Projects on large scale power generation using Solar energy boilers, Production of biofuel from algae should be taken up on urgent basis to offset the overall cost oil imports and other related issues.