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  1. RattanIndia Enterprises arm Revolt to launch new e-bikes, shares rise 1.5%

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RattanIndia Enterprises arm Revolt to launch new e-bikes, shares rise 1.5%

Upstox

2 min read | Updated on September 17, 2024, 16:04 IST

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SUMMARY

Revolt Intellicorp Private Limited, a wholly-owned subsidiary of RattanIndia Enterprises, will host a grand launch event of its new electric motorcycles at 5 pm on Tuesday, September 17.

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RattanIndia Enterprises gains 2% ahead of e-motorcycle launch by subsidiary

RattanIndia Enterprises gains 2% ahead of e-motorcycle launch by subsidiary

RattanIndia Enterprises shares settled 1.5% higher at ₹82.9 apiece on the NSE on Tuesday, September 17, after the company announced the launch of new e-bikes by its subsidiary.

In a regulatory filing, the company announced that Revolt Intellicorp Private Limited, a wholly-owned subsidiary, will host a grand launch event of its new electric motorcycle.

The event will start at 5 pm on Tuesday, the company informed the stock exchanges.

On September 16, RattanIndia’s Revolt Motors announced its entry into the Sri Lankan market in partnership with Evolution Auto Pvt Ltd. This collaboration aims to transform Sri Lanka’s mobility landscape with cutting-edge, performance-driven electric motorcycles.

Following a successful debut at the Colombo EV Expo and a warm reception from local enthusiasts, Revolt is set to launch its models across Colombo with plans for nationwide expansion.

Revolt’s motorcycles, known for their AI-enabled technology, offer a smart, customisable riding experience. By 2029, Revolt plans to open 90 dealerships across Sri Lanka, starting with 15 in the next four months, ensuring widespread access and top-tier service.

Revolt Motors on July 10 launched its new 4 Chauke Offer. This innovative finance scheme makes owning the popular RV400 electric motorcycle more accessible and affordable than ever, featuring a zero down payment and a monthly payment of just ₹4,444 through a seamless digital process.

Considering the typical monthly costs of petrol and maintenance for conventional bikes, the RV400 essentially becomes a cost-effective choice. As the first Indian two-wheeler manufacturer to introduce such a scheme, Revolt Motors is making the transition to electric vehicles easier and more attractive for riders.

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