RattanIndia Enterprises' Revolt Motors has reported an impressive 197% year-on-year (Y-o-Y) growth in vehicle sales and 109% month-on-month (M-o-M) 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 Government 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.
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 semi-urban markets.
RattanIndia Enterprises focuses on innovative technologies that have the potential to transform the lives of over a billion Indians. Key businesses include electric mobility (Revolt Motors), e-commerce (Cocoblu Retail), fashion brands (Neobrands), fintech (WeFin), and drones (Neosky).
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1838.55 |
| TVS Holdings | 14667.95 |
| RattanIndia Ent | 34.83 |
| Altius Telecom Infra | 159.05 |
| Authum Inv. & Infra | 459.60 |
| View more.. | |
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