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More than a year after Mahindra & Mahindra bought stake in Reva Electric Car Company, the SUV-maker is gearing up to launch its first compact car — it promises nine times the mileage generated by the country’s most fuel-efficient petrol-powered car. The Reva NXR, due for launch next year, will be only the second follow-up model after the Reva, the country’s only all-electric car, was introduced in 2001. The NXR has done away with all the limitations of the first-generation Reva, which did not find takers in huge numbers due to its impractical attributes like smaller range (leading to repeated charging), limited top speed and seating capacity. The range of the NXR, for instance, stands at 160 km on a full charge, double the range generated by the earlier-generation Reva. The new car can comfortably seat four adults and generate top speed of more than 100km/hr compared to 80km/hr earlier.
The NXR, which was unveiled for the first time at the Frankfurt Motor Show in 2009 as a concept, has largely maintained its scheduled launch period of 2012. The Reva NXR designed by Dilip Chhabria will be showcased at the upcoming Delhi Auto Expo, at Mahindra’s pavilion. With a mileage of about 9.6 km for every Rs 3 spent, the Reva NXR claims to be nine times more fuel-efficient than its nearest competitor powered by a petrol engine. At 25kms/litre, the Tata Indica eV2 or the Nano delivers one km for Rs 3 spent. Mahindra Reva’s non-AC variant currently costs Rs 3.2 lakh (ex-showroom), whereas the AC variant costs Rs 3.7 lakh. The details of the expected price of the NXR were bot revealed, but effort is on to make a very cost-effective vehicle. The plans of setting up one of world’s biggest manufacturing bases for electric cars of 30,000 units per annum near Bangalore is one schedule and should be complete in the next few weeks. The company hopes to be selling products through an expanded network of 100 outlets in the country compared to two outlets a few years ago.
It was in May last year that city-based M&M bought 55.2 per cent stake in RECC, for an undisclosed amount, as part of its larger strategy of focusing on sustained mobility. The 1945-founded M&M is also working on electric variants for its own models such as Maxximo, the light truck and Verito, the sedan.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 12825.60 |
| Mahindra & Mahindra | 2927.00 |
| Mercury Metals | 70.54 |
| Hindustan Motors | 35.48 |
| Suzuki (India) | |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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