UPDATE 2-Mahindra eyes global electric car entry with Reva buy


* Acquires 55 pct of small electric car company, Reva * Reva has agreement with GM India to make electric cars * Mahindra shares rise as much as 4.2 pct (Adds company comments, changes sourcing) By Arup Roy Choudhury & Janaki Krishnan MUMBAI/BANGALORE, May 26 (Reuters) - India's leading utility vehicle maker, Mahindra & Mahindra , agreed to buy a 55 percent stake in pioneering electric car maker Reva, aiming to be a significant player in the global electric vehicle industry. ...

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