After buying giants like Punjab Tractors and Kinetic Motors, the country's largest UV market player is expected to bag Reva to fulfil its electric market dream.

According to the sources familiar with the matter, M&M is all set to bag a significant share in the electric carmaker Reva in the coming days. It is believed that the company will announce its decision in Bangalore very soon wherein it will buy the stake of buy PE investors Global Environ Find and Draper Jurvetson.

Moreover, while there has been no official valuation on the electric carmaker, but it is believed that it is valued close to $100 million. Chetan Maini, the MD of Reva refused to answer the phone calls while M&M refrained to comment on the issue and labelled it as a market speculation.

If the deal gets through, M&M will get an access to cheap electric technology not only for cars but also for the light commercial vehicles and buses. In fact, the deal will also open the R&D doors to M&M giving it expanding global reach to US, Europe and Asia Pacific.