Revolt had opened up dealerships in 3 cities in the month of October 2021 ahead of the festive season
Electric two-wheeler maker Revolt has said that it is opening up dealerships in five new cities in order to expand its pan India footprint.
The five cities– Kolkata, Coimbatore, Madurai, Vizag and Vijayawada– will get dealerships in the month of November 2021.
With opening of experience centres in these five new cities, RattanIndia Enterprises – backed Revolt will have 19 dealerships in 14 major cities spread across 9 states in the country.
These experience centres cater to customers for sales and after sales services and spare.
Revolt had opened up dealerships in 3 cities in the month of October 2021 ahead of the festive season.
Revolt also welcomed the Odisha Electric Vehicle Policy 2021 announced by the state. The registration charges and road tax have been waived for electric bikes registered in the state. These incentives are over and above the FAME II incentives of Rs 15,000 per KWh for EV manufacturers recently announced by the Central Government which amounts to Rs 48,000 per bike for Revolt. Combining the two incentives it would mean incentives of atleast Rs 53,000 per bike sold by Revolt in Odisha.
RattanIndia Enterprises had invested Rs 150 crore in Revolt Intellicorp in April 2021.
Founded by Micromax co-founder Rahul Sharma, Revolt had traded 43 per cent stake of the company for the sum paid by RattanGroup. The deal happened to be RattanIndia Enterprises’ first investment in a new age manufacturing business. As part of the deal, Rajiv Rattan was made chairman of the board of Revolt.
On a consolidated basis, RattanIndia Enterprises reported a net loss of Rs 0.83 crore in Q1 June 2021 as compared to a net profit of Rs 0.08 crore in Q1 June 2020. Net sales stood at Rs 1 crore in Q1 FY22.
