The Spark EV (electric vehicle) program, that GM was to undertake along with Reva would now indeed be carried solely by GM India. Vice President of General Motors India P. Balendran indicated that there would an announcement on the same in few days by the company. The deal made last year between the two companies not only included the development of electric cars jointly, but also to develop India as the new manufacturing hub for such cars. The two companies have however kept the financial details to themselves and not much about the deal is out in open. The officials from M&M however commented that the company is not antagonistic about continuing the deal with Reva.
Source:- All sparks out of GM, Reva's deal - New Cars
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