Mahindra Reva Among Top 50 Most Innovative Global Companies

         Mahindra Reva Among Top 50 Most Innovative Global Companies

  PR Newswire

  BANGALORE, India, February 20, 2013

BANGALORE, India, February 20, 2013 /PRNewswire/ --

Mahindra Reva Electric Vehicles Pvt. Ltd., a part of the US $15.9 billion
Mahindra Group, has been featured in the prestigious 'Fast Company' magazine
listing of the Top 50 Most Innovative Companies of 2013 . Mahindra Reva was
ranked at number 22 for its innovative contributions to the global electric
vehicle industry. The Fast Company listing features businesses that are
creating the greatest impact across their industries and culture as a whole.

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Fast Company focuses on technology, business, & design and for this listing it
assesses thousands of businesses based on creativity, real-world impact, risk
taking, and execution to create a list of just 50 companies. Mahindra Reva is
listed along with other globally renowned companies like Nike, Apple, Google
and Samsung, with Mahindra Reva being the only Indian company in the list.

The award comes at a time when the company is all set to launch its next
generation electric car, the E [2] O. Fast Company highlighted the E [2] O's
smartphone-powered 'Emergency Electric Boost' as one of the coolest features
in the car.

Anand Mahindra, Chairman, Mahindra Group , said, "Mahindra Reva featuring
among the world's top 50 most innovative companies is a tribute to Chetan
Maini and the team at Mahindra Reva. Our vision of the Future of Mobility
depends on our ability to harness clean energy not only to power,but also
produce a new generation of clean vehicles. Mahindra Reva is a global leader
in addressing both these important issues."

Chetan Maini, Founder and Chief of Strategy & Technology, Mahindra Reva
Electric Vehicles Pvt. Ltd,  said, "It is a matter of honour and great pride
to be featured in such a prestigious global list. This recognition is
testimony to our unrelenting efforts and contribution to the electric vehicle
industry. I would like to thank everyone who supported us on this journey."

"We will continue to keep our innovation quotient high, strive to achieve our
vision of the future of mobility and our upcoming product offerings like
Mahindra E [2] O will provide ample proof of our innovation thrust," he added.

About Mahindra Reva

Mahindra Reva is a pioneer of electric vehicle (EV) technologies and one of
the world's most experienced EV manufacturers. Founded in 1994 as the Reva
Electric Car Company, the company was a joint venture between the Maini Group
of Bangalore and AEV LLC of USA. Reva focused on creating affordable electric
cars through advanced technology and launched its first model in India in 2001
and in London in 2004.

In May 2010, the USD $15.9billion, 144,000-employee Mahindra Group acquired a
majority stake in the company, which was renamed Mahindra Reva Electric
Vehicles Pvt Ltd. Mahindra Reva remains headquartered in Bangalore, India,
next to Electronics City - one of the world's information technology hubs.

Today Mahindra Reva has one of the world's largest deployed fleets of electric
cars - customers in 24 countries have driven their Revas petrol-free for over
180 million kilometers. The company produces its own cars, licenses out its
electric vehicle technologies, electrifies existing platforms, and helps to
deliver integrated zero-emissions mobility solutions.The company's new
factory in Bangalore, capable of producing 30,000 cars per year, was
inaugurated on August 22, 2012 and named its next-generation, future-ready,
electric car as the 'Mahindra e [2] o' on January 7, 2013.

In 2006, Reva was acclaimed by Business World India as one of India's "Cool
Companies" and in 2008 was the recipient of the Frost & Sullivan Automotive
Powertrain Company of the Year award. In 2010, Revai was crowned Green Car of
the Year at Overdrive & CNBC TV18 awards. Mahindra Reva's IGBC platinum rated
plant was inaugurated by Mr. Anand Mahindra on August 22, 2012, which was set
to produce 30,000 units per year.

About Mahindra Group

The Mahindra Group focuses on enabling people to rise through solutions that
power mobility, drive rural prosperity, enhance urban lifestyles and increase
business efficiency.

A USD 15.9 billion multinational group based in Mumbai, India, Mahindra
employs more than 155,000 people in over 100 countries. Mahindra operates in
the key industries that drive economic growth, enjoying a leadership position
intractors,utility vehicles,information technologyand vacation ownership.
In addition, Mahindra enjoys a strong presence in theagribusiness, aerospace,
components, consulting services, defence, energy,financial services,
industrial equipment, logistics,real estate, retail, steel andtwo wheeler

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the
biggest and most powerful listed companies in the world.

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For further enquiries Roma Balwani Chief Group Communications Officer Mahindra
& Mahindra Ltd. Phone: +91-22-2490-1441 Email:
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