General Electric Cooperative neutralised products India forced off by listing
An integrated electric super car, the REVA electric car company India partners is Mahendra after the acquisition, General Motors decided to dissolve and REVA cooperative relationship, use the electric vehicle technology research and development of Detroit to research and development in India for the listing of electric cars.
General Motors India branch leader Karl Slym on May 27, announced in the Conference call: "General Motors to India market research and development of electric vehicles will take on the Detroit and development of technology. At the same time, universal is under consideration in November in the India market Chevrolet Volt electric car. ”
GM in September 2009 and the REVA signed a cooperation agreement, the parties will use GM platform jointly develop small electric cars. However, on May 26, 2010, India's largest sports car manufacturer Mahindra announced the acquisition of shares of 55% REVA, become the REVA controlling shareholders. Therefore, the General decided to terminate with the REVA relations of cooperation.
Affected by this, universal had to postpone its electric Edition Spark small cars in India market sale time and did not give a specific time to market.