Electric car manufacturer Reva is planning manufacturing facilities outside its India homeland.
It wants plants to be positioned to better penetrate overseas markets, and will seek local partners to build its cars under licence.
Reva will also have an investment partner in those plants, other than owning the brand name and technology. The local partners will have the sales rights, because of their understanding of the local markets.
It is primarily looking at US, Europe and Asia. The company has sold around 3,400 electric cars globally so far, including around 1,000 in London alone.
“We are looking at licence manufacturing opportunities to set up plants in different parts of the world. We are evaluating with several countries and several companies, but it is a little premature.
"But I would definitely say that in the next six months, we would be able to make our first announcement in that area,” Chetan Maini, chief technology officer and deputy chairman, told Business Standard.
Reva is erecting a new manufacturing plant close to its existing one in India, which when operational early next year, will be capable of producing 30,000 electric vehicles yearly.
Last month, Reva agreed to provide GM its technology for developing an electric version of GM’s Chevrolet Spark.
Maini said: “We chose GM for the small car market, but we are looking at our relationship in a much bigger way. It does not preclude us from addressing segments like three-wheelers or mini-bus.”