Word: reva
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Dates: during 2000-2009
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...time when almost every carmaker in the world is looking at making environmentally friendly vehicles, a little-known Indian company is jumping the queue by ramping up production of a low-cost electric car called the Reva...
...Family-owned Reva Electric Car is building a new factory 25 miles (40 km) south of its Bangalore headquarters to mass-produce the Reva hatchback, a two-passenger city car priced at little over $12,000 that the company has been selling in India and Europe since 2001. When production begins next January, the new factory will be the world's largest for low-cost electric cars; annual capacity is expected to hit 30,000 cars within three years. "The opportunity today is very high," says Chetan Maini, Reva's vice chairman and chief technology officer. (See pictures...
...risks. Reva faces a growing list of potential competitors that plan to launch all-electric and plug-in hybrid vehicles over the next several years. GM's Chevy Volt is expected to debut in the U.S. in 2010; BMW says it will test-market an electric car in Britain and other countries later this year; while Renault-Nissan plans to make an electric car by 2012. A Frost & Sullivan study reckons that by 2020, at least 15% of all new cars sold will be electric. (See the 50 worst cars of all time...
...Indian company, however, aims to leverage low production costs to build simple, cheap vehicles and sell them in India, Europe and, within five years, the U.S. The Reva, branded the G-Wiz in Europe, costs about $12,200 there and about $7,000 in India. The pint-size commuter vehicles are powered by lead-acid batteries, which provide about 50 miles (80 km) of driving per charge. Top speed is about 50 m.p.h. (Read "From India: First Nano's $2,000 Car. Now the $7,800 Nano Home...
...roadblock to incorporating courses during this period was identifying faculty members who would be willing to teach during J-Term, as the idea was met with some resistance among the faculty, especially from those who would already be losing research time as a result of a condensed summer break.But Reva P. Minkoff ’08, a student representative on the Conley committee, says that the body had anticipated that these issues would be resolved in time to implement J-Term programming as early as 2007.MORE PRESSING MATTERSThis effort was sidetracked as J-Term was overshadowed by more high-profile...