Chetan Maini exits Mahindra Reva

Chetan Maini has resigned as the head of Mahindra Reva, the electric car company he founded way back in 1994. He will be moving to a new position within the group and and will be responsible for incubating and leading new technology ventures. He will continue to be associated with Mahindra Reva and Formula-E Racing in an advisory capacity. Maini will be replaced by Arvind Mathew, former managing director of Ford India, as the CEO of the electrical vehicle subsidiary effective from May 1, 2015.