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Electric car for Rs 99000

An electric car for just Rs 99000

Apnaloan.com Research Bureau

03 Mar 2008

Fieldmarshal Group, a Rajkot-based diesel engine maker is working on a small electric car in collaboration with an Australian firm.

The car will have a maximum speed of 70-80 km. It is being designed to have lightweight batteries and low manufacturing costs. The car is likely to be priced at Rs 99,000.

The foreign collaborator has already developed a concept car specifically for the Indian market. The Australian company is looking at an arrangement where Rajkot would house the primary plant and assembly plants could be set up in other parts of the country.

Fieldmarshal's electric car will compete with the Reva, which became the highest selling on-road electric car globally last year.