Revolt Motors, India's largest electric motorcycle company, has reported an impressive 197% year-on-year growth in vehicle sales and 109% month-on-month (MoM) increase with 1,994 units sold in November 2024, compared to 671 units in November 2023 and 952 units in October 2024. This performance comes amidst a market environment, where the electric two-wheeler (E2W) industry witnessed an average sales decline of 18-20% during the same period, as per Govt. of India's Vahan Portal data.
This surge in sales is largely attributed to the launch of the all-new RV1 and RV1+, affordable and commuter-friendly electric motorcycles tailored for the Indian market. The bikes have received overwhelming consumer interest, with robust pre-orders translating into strong sales figures. These models combine cutting-edge technology with affordability, offering riders a reliable and sustainable alternative to traditional ICE-powered vehicles.
"Our performance this month reflects not just the strength of our products but the growing trust of our customers in the Revolt brand," said Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises. "As we scale new heights, our focus remains steadfast on delivering innovative, reliable, and sustainable mobility solutions. With a clear vision for the future, we are committed to driving the electric mobility revolution in India and beyond."
Revolt Motors has significantly bolstered its presence across the country, operating through 154 dealerships nationwide. The network is set to grow further with 14 new dealerships launching by the end of December 2024, enhancing accessibility to Revolt's offerings across urban and semiurban markets.
Taking a bold step towards global leadership, Revolt Motors commenced operations in Sri Lanka on 25th November 2024-its first international market. The launch has seen an encouraging reception, with substantial pre-orders logged within the first week, reflecting the growing demand for sustainable mobility solutions in South Asia.
Building on this momentum, Revolt plans to expand into more international markets in 2025, as part of its mission to establish itself as a global leader in the electric mobility space.
Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 68.49 as compared to the previous close of Rs. 67.21. The total number of shares traded during the day was 428922 in over 2594 trades.
The stock hit an intraday high of Rs. 69.25 and intraday low of 66.99. The net turnover during the day was Rs. 29422393.00. |
