Family-owned Reva Electric Car is building a new factory 24 miles (39 km) south of its Bangalore headquarters to mass produce the Reva hatchback, a two-passenger city car costing a little over $12,000 that the company has been selling in India and Europe since 2001. When production begins next January, the new factory will be the world's largest for low-cost electric cars; annual capacity is expected to hit 30,000 cars within three years.

The Reva, branded the G-Wiz in Europe, currently costs about $12,200 on the Continent and about $7,000 in India.
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