Stock Report

RattanIndia backed Revolt Motors opens its 21st dealership

Posted On : 2022-02-07 08:41:38( TIMEZONE : IST )

RattanIndia backed Revolt Motors opens its 21st dealership

RattanIndia backed Revolt Motors, India’s market leader in electric bikes announced the expansion of its retail presence in Uttar Pradesh. The company open its outlet in Noida, its second in Uttar Pradesh region and 21st dealership store across India. The company is also working towards setting up a robust dealership presence this year with an aim to open 44 plus new stores to meet customer requirements.

The Uttar Pradesh government has also introduced policies to encourage faster adoption of EVs in the state. The state government offers 100% Vehicle registration fees and road tax exemption for 2-wheeler EVs. Further, exemptions and incentives are being provided on land for the first 1,000 EV charging stations. With tax exemption and subsidies being provided by the govt. across cities, Revolt Motors has received an overwhelming response from buyers in the year 2021 and aims at achieving a bigger milestone this year.

In-line with the Noida’s ‘Green Noida Clean Noida’ tagline, RattanIndia backed Revolt aims to contribute towards a cleaner environment in the city. Consumers can now contribute to this initiative by riding Revolt motorcycles on the Expressway to fulfil their dreams and explore their spirit of riding & freedom. With more and more consumers understanding the benefits of going electric and conserving the environment, the adoption of the EV ecosystem will take place at a much faster pace.

The RV400 comes with a 3KW (Mid Drive) motor, powered by a 72V, 3.24KWh Lithium-lon battery that can churn out a top speed of 85km/h. The bike can be operated through the MyRevolt App, which offers connectivity features such as bike locator/Geo fencing, customised sounds that you can change with just a tap on the screen, complete bike diagnostics, battery status, historical data on your rides and KMs done, and also the option of locating the nearest Revolt Switch Station to swap your Revolt’s battery at, and be on-the-move in less than 60 seconds.

RV400 features three riding modes - Eco, Normal and Sport — each suiting to the riding style and needs of the driver. Also, comes with Upside Down (USD) forks up-front and a fully-adjustable mono shock at the rear to give an unparalleled riding experience.

Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 57.00 as compared to the previous close of Rs. 54.30. The total number of shares traded during the day was 942340 in over 2490 trades.

The stock hit an intraday high of Rs. 57.00 and intraday low of 53.35. The net turnover during the day was Rs. 53166955.00.

Source : Equity Bulls


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