Jun 27 2008
The new Reva Electric Launched with a 29.5% concession!
With a new welcome change, as opposed to the company, Wednesday saw the government launching a vehicle. Mrs. Sheila Dixit, this Wednesday, launched the new electronic battery driven Reva on which she announced a 29.5% discount and further subsidies on hybrid cars.
The Delhi chief minister, showing all her concerns towards the rapid deterioration of the air quality, announced that the government would try to the maximum to fight against the menace. Reva, the only car to get concession from the government is now priced at 2.99 lakhs as compared to its original price of 4.25 lakhs for the base model. The concession includes a 15 percent subsidy on the base price as well as the refund of the Vat which is claimed to be paid through the 25p cess over each litre of diesel that the state government had levied about three months ago out of which the state government has already made an incredible ten crores. This announcement comes as good news for the companies who have been planning to launch their hybrid vehicles in the near future which include Toyota, Mahindra and even Tata.
Deputy Chairman of the Reva Electric Car Company, Mr.Chetan Maini announced that the company plans to increase the production of the vehicle over the coming next three years targeting the launch of their new hybrid vehicle in various other metro cities as well as in Europe and South East Asia.
With the recent launch of India’s first hybrid car, the Honda people had put up requests to the government to reduce subsidies over the hybrid vehicles for a cleaner environment pertaining to the price of their launched vehicle not seeming to be in the budget of a major part of the country. With the recent announcement, a Honda spokesperson applauded the governments step and informed that they had already appraised the government with their technology.
