As M&M purchased stake in Reva, the spark in the electric cars segment once again caught fire. Notably, the company purchased a 55.2% in the electric car maker Reva.

According to the announcement made by the company, it will also make an equity infusion of Rs. 45 crore and has renamed the company Mahindra Reva Electric Vehicle Co.

However, experts are still supporting the fact that the electric cars will still take a lot of time before the electric cars could be ordinary among the Indian consumers.

While company officials from both, M&M and Reva have refused to divulge any investment details in the stake sale deal, market watchers believe it to be anywhere between Rs. 275 crore and Rs. 325 crore range.

President and managing director of General Motors India, Karl Slym is of a view that the current perception about the electric vehicles may sail on a lower side but as the awareness will improve coupled with the government support, the electric cars will soon be in vogue. Experts are of a view that the consumer currently doesn't see any value in purchasing the product and it will take a lot of time before they get acceptability as it also faces infrastructure constraints.