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Financial Daily from THE HINDU group of publications Friday, November 30, 2001 |
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AGRI-BUSINESS CORPORATE INDUSTRY LETTERS MACRO ECONOMY MARKETS NEWS OPINION VARIETY INFO-TECH CATALYST INVESTMENT WORLD MONEY & BANKING LOGISTICS |
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Reva set for Nepal market
BANGALORE: Reva Electric Car Company (RECC) has announced its foray into the export market by entering into a three-year agreement with Ecovisions to facilitate export of Reva to the Nepalese markets, a company release said here on Thursday.
RECC will export 150 cars in the first year and 450 cars over the next two years.
For Nepal, the import of Reva will attract only a 10 per cent duty as against the 60 per cent to 110 per cent on other conventional cars brought into the mountain kingdom.
The first consignment of cars to be dispatched will be used for display at the proposed showroom in Kathmandu. -- Our Bureau
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