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Bavina Cars to set up unit at Ranipet near Chennai

Bavina Cars India Ltd is planning to set up an electric car manufacturing unit near Chennai with an investment of Rs 3000 million crore. The plant is to become operational by 2011 and this is the second battery powered car unit in the country and is likely to employ 1500 people. The first one is 'Reva' which is operational in Bangalore.Industries Promotion Corporation at Ranipet, near Chennai. The new unit is coming up at Ranipet SEZ and may enjoy tax benefits for exports, which is said to be a lucrative market for electric cars. The company will outsource over 80 per cent of the components for its plug-in series hybrid passenger car. It will use Borg Warner Transmission system from US and sheet metal parts from Caparo and motors from Bosch and Siemens. Its technology is sourced from Velozzi of USA.

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